Today we go over the quiz that we did yesterday. Here are the answer for the quiz:

a)N=120 b)N=60

I%=4 I%=5

PV= -370000 PV=20000

PMT=0 PMT= -377.42

FV=551608.09 FV=0

P/Y=12 P/Y=12

C/Y=12 C/Y=12

c) N=60 d)N=60

I=3.8% I%=3.8

PV=0 PV= -238960.6

PMT= -(4000-377.42)= -3622.58 PMT= -4000

FV=244457.4 FV=559378.08

P/Y=12 P/Y=12

C/Y=12 C/Y=12

Next scribe is CJ...

## Friday, May 2, 2008

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