CPAN112_Lab05

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Humber College *

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112

Subject

Computer Science

Date

Feb 20, 2024

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docx

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2

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Fundamentals of Numeric Computing CPAN 112 Lab 05 Please read the following instruction very carefully before answering any questions: Please read all the questions very carefully. Please provide your answers in the boxes below each question, and do not change the text colour. Your answer MUST show the solution procedure. There is no credit if you only state the final answer. Please underline your final answer to each question. Please keep the naming conventions requested in this lab and each question. Once you complete your lab, rename your word document file to the ( CPAN112_LabXX_FirstName_LastName ). Replace XX with the lab number (e.g. 01). Replace FirstName and LastName with your first name and last name, respectively. It will be a 10% mark deduction if you do not follow the guidelines mentioned above.
1) Determine m , i , and n for the following: 8.1% compounded monthly for 15.5 years [20 Points] 2) A debt of $800 accumulates interest at 10% compounded semi-annually from February 1, 2021, to August 1, 2023, and 11% compounded quarterly thereafter. Determine the accumulated value of the debt on November 1, 2026. [20 Points] 3) Determine the sum of money that accumulates to $1600 at 5% compounded quarterly in 6 years and 4 months. [20 Points] 4) Compute the discounted value of $7000 due in three years, five months if money is worth 8% compounded quarterly. [20 Points] 5) A loan of $3000 borrowed today is to be repaid in three equal installments due in one year, three years, and five years, respectively. What is the size of the equal installments if money is worth 7 .2% compounded monthly? [20 Points] Deliverables : The word document file (CPAN112_LabXX_FirstName_LastName) contains your solution.
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