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QUESTION 4 a. Calculate the amount or maturity value of a note at the end of 3 years if the principal or face is $80,000
Posted: Sun May 08, 2022 10:06 am
by answerhappygod
- Question 4 A Calculate The Amount Or Maturity Value Of A Note At The End Of 3 Years If The Principal Or Face Is 80 000 1 (112.91 KiB) Viewed 34 times
QUESTION 4 a. Calculate the amount or maturity value of a note at the end of 3 years if the principal or face is $80,000 and the interest rate is 6%p.a compounded semi- annually. (5 marks) b. Country farm needs to purchase a new machine to cap the milk bottles in 10 years. The estimated cost is about $9000. Find the Sinking Fund Payment if the farm can get 6% interest quarterly. (5 marks) --- c. The profit for selling x hundred units of a product can be approximated by P(x) = -x3 + 45x2 + 1200x + 80000 (up to x = 50). What level of sales maximizes the profit? (10 marks) [20 Marks]