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DSC1630 Assignment 1 semester 2 2022
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This document contain DSC1630 assignment 1 semester 2 2022 questions and answers with step by step TRUSTED calculations
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ANSWER10,5% 52𝑛
30 835.42 = 25 000 (1 + )
52
30 835.42 0.105
Inቀ 25 000
ቁ = 52In ቀ1 + 52
ቁ
𝑛 = 1.99 ≈ 2 𝑦𝑒𝑎𝑟𝑠
𝐼𝑛 𝑤𝑒𝑒𝑘𝑠, 2 𝑦𝑒𝑎𝑟𝑠 = 52 × 2 = 104 𝑤𝑒𝑒𝑘𝑠
𝑇ℎ𝑒 𝑎𝑛𝑠𝑤𝑒𝑟 𝑖𝑠 𝐵. 104 𝑤𝑒𝑒𝑘𝑠
ANSWER
Effective interest rate per period
𝑟
𝑖 = (1 + 𝑚)𝑚 − 1
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