DSC1630
ASSIGNMENT 2
DUE DATE: SEPT 2025
, DSC1630 ASSSIGNMENT 2 2025
SEPTEMBER 2025
Question 1 Determine the equivalent weekly compounded interest rate
(to two decimal places) of an interest rate of 14,90% per year,
compounded quarterly
Q1 — Equivalent weekly rate
Formula:
1/52
4
EAR = (1 + 0.149/4) − 1, iweek = (1 + EAR)
−1
Calc: EAR = (1.03725)4 − 1 = 0.157534.
iweek
= (1.157534)1/52 − 1 = 0.002817.
0.28% per week.
ASSIGNMENT 2
DUE DATE: SEPT 2025
, DSC1630 ASSSIGNMENT 2 2025
SEPTEMBER 2025
Question 1 Determine the equivalent weekly compounded interest rate
(to two decimal places) of an interest rate of 14,90% per year,
compounded quarterly
Q1 — Equivalent weekly rate
Formula:
1/52
4
EAR = (1 + 0.149/4) − 1, iweek = (1 + EAR)
−1
Calc: EAR = (1.03725)4 − 1 = 0.157534.
iweek
= (1.157534)1/52 − 1 = 0.002817.
0.28% per week.
