Instructions to students:
All questions are compulsory.
Materials:
Dictionaries are not permitted.
Actuarial Tables.
Question 1
A 3-month deposit account pays a rate of interest of 5% per annum convertible half-yearly.
Calculate the simple rate of discount per annum which is equivalent to the above investment over the 3-month period. (3 marks)
Question 2
An investor pays £1,200 per annum into a savings account for 10 years, and increases the payments to £1,500 per annum for the next 5 years. The payments are made annually in advance.
Calculate the accumulated amount in the savings account at the end of the 15 years if the investor achieves a yield of 6% per annum convertible half-yearly on her investment.(4 marks)
BEN02 Planning and Presenting a Micro-Enterprise Idea BTEC Level 1/2
Read MoreBTEC Unit 35: Engineering Services Delivery Plan for Sector-Specific Organizations | HND Level 5 Assignment 2
Read MoreTQUK Level 3 Administering Medication and Monitoring Effects in Adult Care Assignment
Read MoreUnit 10: 3D Modelling and Assembly Drawing for Vice – Engineering Design Portfolio BTEC Level 3
Read MoreWhy is it important that you correlate the appropriate information of the patient when they arrive for their appointment?
Read MoreNCFE Level 3 Roles and Responsibilities in Health And Social Care
Read MoreMP3395 Turbocharger Performance Evaluation and System Analysis CW2 Assessment, AY2024-25
Read MoreKey Research Policies and Funding Models at University of Strathclyde
Read MoreCIPD Level 5 Associate Diploma Key Assessment Questions
Read MoreLaw Assignment Questions Critical Legal Analysis & Solutions
Read More