Study Guides (248,644)
Canada (121,651)
York University (10,209)
ADMS 3530 (37)
Lois King (7)

2006.pdf

10 Pages
151 Views

Department
Administrative Studies
Course Code
ADMS 3530
Professor
Lois King

This preview shows pages 1,2 and half of page 3. Sign up to view the full 10 pages of the document.
Description
NameSectionIDProf Kings section A Prof Kohens sections D and G Prof Tahanis sections C E and F Prof Wongs sections B and HAKADMS 3530 Midterm Exam Fall 2006 October 15 2006ExamSolutionsThis exam consists of 30 multiple choice questions and carries a total of 100 points Choose the response which best answers each question Circle your answers below and fill in your answers on the bubble sheet Only the bubble sheet is used to determine your exam score Please note the following points Read the questions carefully and use your time efficiently The 20 Numerical Questions are worth 4 points each The 10 Conceptual Questions are worth 2 points each Choose the answers that are closest to yours because of possible rounding in your calculations and at least 6Keep at least 4 decimal places for dollar amountsdecimal places for interest ratesInterest rates are annual unless otherwise statedBonds pay semiannual coupons unless otherwise stated and have a face value or par value of 1000You may use the back of the exam paper as your scrap paper Numerical Questions 4 points each1 Q 3 in B If 200000 is borrowed for a home mortgage to be repaid monthly at a 6 APR semiannually compounded over 25 years how much interest is paid over the life of the mortgage loanA183884 B223763 C310850 D 383884 Solution AFirst Compute monthly mortgage payment using your calculator212i103 1000493862 or 493862 mPMT200000PVIFA0493862300127961 Total interest paidTotal payments made less mortgage loan127961 x 3002000003838838920000018388389Page 1
More Less
Unlock Document

Only pages 1,2 and half of page 3 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit