1 / 4

Financial Warm-up Challenges for the Week

Solve financial calculation problems involving compound interest, loans, and annuities across the week. Practice optimization with constraints through mathematical modeling. Improve financial acumen.

chriswilson
Download Presentation

Financial Warm-up Challenges for the Week

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Warm-up: Mon. 9-17 • Minimize C = 2x1 + 3x2 subject to the constraints 2x1 + x2 ≥ 6 • x1 + 2x2 ≥ 4 • x1 + x2 ≥ 5 x1 ≥ 0 x2 ≥ 0

  2. Warm-up: Tues. 9-18-2012 1. Find the amount of money in an account after 40 years compounded daily on $80,000 drawing 10% What would the interest be? 2. Find the proceeds for each discounted loan. 2000 repaid in 24 months at 8%. 3.

  3. Warm-up: Wed. 9-19-2012 Sarah Jane needs to borrow $5000 to repair her roof. She can get a discounted loan from her bank at an 8.99% rate of interest for 18 months. What loan amount should be used so that she will receive the $5000 she needs? Find the value of the annuity when $200 is deposited each month at 10% interest (compounded monthly) for 20 years. 3.

  4. Warm-up: Fri. 9-21-2012

More Related