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Exam (elaborations)
Exam (elaborations) maths110 B
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July 2023
2022/2023
A+
"How much should you invest each month..." - Answers-A=PMT((1+(r/m)^mt-1)/(r/m))
"How much money should you invest now at r% compounded quarterly..." - Answers-A=P(1+(r/m))^mt
How long will it take to double an investment if it's placed in an account maying r% compounded quarterly..." - Answers-A=P(1+(r/m))^mt
Suppose you buy a car and finance $x. If the interest rate is r% and you do a y year loan, what will your monthly payments be? - Answers-A=PMT(1-(1+(r/m))^-mt/(r/m))
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