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MATH 157 (42)
Lecture

# 157IQsol11.pdf

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School
Simon Fraser University
Department
Mathematics
Course
MATH 157
Professor
Stephen Choi
Semester
Fall

Description
MATH 157 - D100A SSIGNMENT #11 Due date: No need to hand in Instructor Questions accompanying paper Assignment # 11 Solution Directions: Print double sided, write your solutions to both questions directly on this page, place immediately after cover page and staple together! Marks: An answer without a detailed solution process will be awarded zero marks! Q1: Howard wants to upgrade his computer equipment and will need \$ 4000. He can afford to deposit \$ 100 every month into an account that pays 2:5% compounded monthly. How long will it be until he can upgrade his computer? Solution: ▯ n ▯ A = R (1 + i) ▯ 1 i ! ▯ 0:025n 1 + 12 ▯ 1 4000 = 100 0:025 : 12 ▯ ▯n 1 0:025 = 1 + ▯ 1 12 12
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