Mathematics For Machine Technology
8th Edition
ISBN: 9781337798310
Author: Peterson, John.
Publisher: Cengage Learning,
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Chapter 26, Problem 7A
In Exercises 7 through 12, express each of the following lengths as indicated.
7. a. 96 inches as feet__________________
b. 123 inches as feet __________________
c.
d. 0.4 yard as inches__________________
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Drapers' Bank offers loans and deposits with interest rate 5% compounded monthly.
(a)
If you deposit £5,000 in a Drapers' Bank account, how much money will be in your account 4 years from now? Enter your answer correct to the
nearest pound.
Answer:
(b) What is the effective interest rate of a Drapers' Bank account? Enter your answer as a percentage correct to 3 significant digits.
Answer:
(c)
Drapers' Bank gives you a loan of £60,000 to start a new company under the condition that you pay back the loan in monthly instalments of EC to
be paid at the end of each month over the next 5 years, starting at the end of this month. Determine the value of C and enter it correct to the nearest pound.
Answer:
The Mason group has a liability of £200,000 to be paid in 14 years' time. It wants to Redington immunise these liabilities with assets consisting of amount P in
a bank and Q 18-year zero coupon bonds, with P and Q to be determined. Interest is compounded monthly at rate 8%.
(a)
Answer:
What is the present value of the liability? Enter your answer correct to the nearest pound.
(b) What is the duration of the liability? Enter your answer correct to 3 significant digits.
Answer:
(c) What is the convexity of the liability? Enter your answer correct to 3 significant digits.
Answer:
(d)
Write down the two equations that P and Q need to satisfy for Redington immunisation to hold and solve these equations for P and Q. Enter the
answers correct to the nearest pound.
Answers: P=
Q=
(e) What is the convexity of the assets in this case? Enter your answer correct to 3 significant digits.
Answer:
(f)
Is the convexity condition that is necessary for Redington immunisation satisfied in this case?…
Chapter 26 Solutions
Mathematics For Machine Technology
Ch. 26 - Prob. 1ACh. 26 - 6 is 82% of what number? If necessary, round the...Ch. 26 - Of two gears that mesh, the one with the greater...Ch. 26 - Compute 16.0025+82.312.419.354.62 . Round the...Ch. 26 - The volume V of a cone with height h and diameter...Ch. 26 - Add 432.78 + 43.278 + 4.3278.Ch. 26 - In Exercises 7 through 12, express each of the...Ch. 26 - In Exercises 7 through 12, express each of the...Ch. 26 - In Exercises 7 through 12, express each of the...Ch. 26 - In Exercises 7 through 12, express each of the...
Ch. 26 - In Exercises 7 through 12, express each of the...Ch. 26 - In Exercises 7 through 12, express each of the...Ch. 26 - Pieces that are each 378 inches long are to be cut...Ch. 26 - A 312 inch diameter milling cutter revolving at...Ch. 26 - How many complete 6-foot lengths of round stock...Ch. 26 - Pieces each 3.25 inches long are to be cut from...Ch. 26 - Arithmetic Operations with Linear Units In...Ch. 26 - Prob. 18ACh. 26 - Arithmetic Operations with Linear Units In...Ch. 26 - Prob. 20ACh. 26 - Prob. 21ACh. 26 - Prob. 22A
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