Mathematics For Machine Technology
8th Edition
ISBN: 9781337798310
Author: Peterson, John.
Publisher: Cengage Learning,
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Chapter 42, Problem 113A
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Convert the standard form of number to scientific notation.
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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 42 Solutions
Mathematics For Machine Technology
Ch. 42 - Add (9x2y+xy5xy2),(3x2y4xy+5xy2) and (7x2y+3xy)Ch. 42 - Multiply the signed numbers -16.2, 12.3, and -4.5.Ch. 42 - Use the proper order of operations to simplify...Ch. 42 - Prob. 4ACh. 42 - Prob. 5ACh. 42 - Prob. 6ACh. 42 - Divide the following terms as indicated. 4x22xCh. 42 - Divide the following terms as indicated....Ch. 42 - Prob. 9ACh. 42 - Divide the following terms as indicated. FS2FS2
Ch. 42 - Divide the following terms as indicated. 014mnCh. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated. DM2(1)Ch. 42 - Divide the following terms as indicated. 3.7ababCh. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Prob. 22ACh. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following terms as indicated. 34FS3(3S)Ch. 42 - Divide the following terms as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Divide the following expressions as indicated....Ch. 42 - Prob. 36ACh. 42 - Divide the following expressions as indicated....Ch. 42 - Prob. 38ACh. 42 - Prob. 39ACh. 42 - Prob. 40ACh. 42 - Raise the following terms to indicated powers....Ch. 42 - Prob. 42ACh. 42 - Prob. 43ACh. 42 - Prob. 44ACh. 42 - Prob. 45ACh. 42 - Prob. 46ACh. 42 - Prob. 47ACh. 42 - Prob. 48ACh. 42 - Prob. 49ACh. 42 - Prob. 50ACh. 42 - Prob. 51ACh. 42 - Prob. 52ACh. 42 - Prob. 53ACh. 42 - Prob. 54ACh. 42 - Prob. 55ACh. 42 - Prob. 56ACh. 42 - Prob. 57ACh. 42 - Prob. 58ACh. 42 - Prob. 59ACh. 42 - Prob. 60ACh. 42 - Prob. 61ACh. 42 - Prob. 62ACh. 42 - Prob. 63ACh. 42 - Prob. 64ACh. 42 - Prob. 65ACh. 42 - Prob. 66ACh. 42 - Prob. 67ACh. 42 - Prob. 68ACh. 42 - Prob. 69ACh. 42 - Prob. 70ACh. 42 - Determine the roots of the following terms. 81x8y6Ch. 42 - Prob. 72ACh. 42 - Prob. 73ACh. 42 - Prob. 74ACh. 42 - Prob. 75ACh. 42 - Prob. 76ACh. 42 - Prob. 77ACh. 42 - Prob. 78ACh. 42 - Prob. 79ACh. 42 - Prob. 80ACh. 42 - Prob. 81ACh. 42 - Prob. 82ACh. 42 - Prob. 83ACh. 42 - Prob. 84ACh. 42 - Prob. 85ACh. 42 - Prob. 86ACh. 42 - Prob. 87ACh. 42 - Prob. 88ACh. 42 - Prob. 89ACh. 42 - Prob. 90ACh. 42 - Prob. 91ACh. 42 - Prob. 92ACh. 42 - Prob. 93ACh. 42 - Prob. 94ACh. 42 - Prob. 95ACh. 42 - Prob. 96ACh. 42 - Prob. 97ACh. 42 - Prob. 98ACh. 42 - Prob. 99ACh. 42 - Prob. 100ACh. 42 - Prob. 101ACh. 42 - Prob. 102ACh. 42 - Prob. 103ACh. 42 - Prob. 104ACh. 42 - Prob. 105ACh. 42 - Prob. 106ACh. 42 - Simplify the following expressions. 64d69d2Ch. 42 - Prob. 108ACh. 42 - Prob. 109ACh. 42 - Prob. 110ACh. 42 - Prob. 111ACh. 42 - Prob. 112ACh. 42 - Prob. 113ACh. 42 - Rewrite the following standard form numbers in...Ch. 42 - Prob. 115ACh. 42 - Rewrite the following standard form numbers in...Ch. 42 - Rewrite the following standard form numbers in...Ch. 42 - Prob. 118ACh. 42 - Prob. 119ACh. 42 - Prob. 120ACh. 42 - Prob. 121ACh. 42 - Prob. 122ACh. 42 - Prob. 123ACh. 42 - Prob. 124ACh. 42 - Prob. 125ACh. 42 - Prob. 126ACh. 42 - Prob. 127ACh. 42 - Prob. 128ACh. 42 - Prob. 129ACh. 42 - Prob. 130ACh. 42 - Prob. 131ACh. 42 - Prob. 132ACh. 42 - Prob. 133ACh. 42 - Prob. 134ACh. 42 - Prob. 135ACh. 42 - Prob. 136ACh. 42 - Prob. 137ACh. 42 - Prob. 138ACh. 42 - Prob. 139ACh. 42 - Prob. 140ACh. 42 - Prob. 141ACh. 42 - Prob. 142ACh. 42 - Prob. 143ACh. 42 - Prob. 144ACh. 42 - Prob. 145ACh. 42 - Prob. 146ACh. 42 - Prob. 147ACh. 42 - Prob. 148ACh. 42 - Prob. 149ACh. 42 - The following problems are given in decimal...Ch. 42 - Prob. 151ACh. 42 - Prob. 152ACh. 42 - Prob. 153ACh. 42 - Prob. 154A
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