CPAN112_Lab04

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Humber College *

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112

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Computer Science

Date

Feb 20, 2024

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Uploaded by EarlPantherMaster1046

Fundamentals of Numeric Computing CPAN 112 Lab 04 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) A bank loan of $3000 charged 8% p.a. Ifthe money was borrowed on November 3, and the loan was paid December 1, how much interest was charged? [20 Points] 2) Interest of $20.95 is earned at 3.15% on a deposit of $2660 in how many months? [20 Points] 3) Speedy Courier invested $13 500 in a 270-day term deposit. What is the maturity value if the rate of interest is 3.65%?. [20 Points] 4) The annual D eerfield Golf Club membership fees of $1750 are due on March 1, 2022. Club management offers reduced membership fees of 18.9% p.a. to members who pay the dues by September 1, 2021. How much must a member pay on September 1 if she chooses to take advantage of the club management's offer? [20 Points] 5) Dan borrowed $1100 today and is to repay the loan in two equal payments, one in four months and one in six months. If interest is 8.5% on the loan, what is the size of the equal payments if a focal date of today is used? [20 Points] Deliverables : The word document file (CPAN112_LabXX_FirstName_LastName) contains your solution.

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