MATHEMATICS OF FINANCE QUESTION The force of interest is defined as follows, 2 3(1 + t)' 8(t): = t> 0 By using the above force of interest, answer the following questions:- a. Formulate a(t). b. Determine i3. c. Evaluate the present value of sum of the payment of RM100 made at the end of first year and RM300 made at the end of third year. d. If RM200 and RM400 are respectively deposited initially and at the end of second year, determine the accumulated value of the deposited fund at the end of five years.

16 v 17 18 19 20 To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the loan, he paid monthly payments of $353.99 for 5 years. 00 (a) What was the total amount Chau ended up paying for the car (including the down payment and monthly payments)? (b) How much interest did Chau pay on the loan? Submit Assignment O 2021 McGraw-Hill Education. All Rights Reserved. Privacy Accessibility Tems of Use 637 AM A D E O 40 O Type here to search 2/18/2021 hp prt sc delete home & @ %23 9. backspace lock 2 3 4 6 8 { W E R T P home enter K

Sand is being dumped from a hopper railcar at a rate of 40 cubic feet per minute. It forms a pile in the shape of a right circular cone whose base diameter and height are always equal to each other (both are growing larger as more sand is dumped). How fast is the base diameter increasing when the base is 18 feet long? Round your answer to three decimal places. ft/min

A restaurant borrows $15,700 from a local bank for 7 months. The local bank charges simple interest at an annual rate of 10% for this loan. Assume each month is of a year. Answer each part below. 12 Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 7 months. ? (b) Assuming the restaurant doesn't make any payments, find the amount owed after 7 months. $0 F ▷ E

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