ENGINEER 2B03 Lecture Notes - Lecture 2: Linear Interpolation, Pension
26 Dec 2017
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Document Summary
The following questions from the textbook 3. 25, 3. 28, 3. 31 and 3. 35. 3. 25 yoko has just bought a new computer ($ 2000), a printer ($ 350), and a scanner ($ 210). She wants to take the monthly payment option. 3. 28 enrique has determined that investing $ 500 per month will enable him to accumulate $ 11. 350 in 12 years, and that investing $ 800 per month will enable him to accumulate $ 18 950 over the same period. Estimate, using linear interpolation, how much he would have to invest each month to accumulate exactly $ 15 000. 3. 31 clem is saving for a car in a bank account that pays 12 percent interest, compounded monthly. Clem will be saving $ 120 per month salary, and once every four months ( starting in four months) he adds $ 200 in dividends from an investment. Bank fees, currently $ 10 per month, are expected to increase by $ 1 per month henceforth.
