1.Evaristo would like invest N$ 12,500.00 a month at the beginning of each month at aninterest rate...
Question:
1.Evaristo would like invest N$ 12,500.00 a month at the beginning of each month at aninterest rate of 12% compounded quarterly.
a) How much will he have after 6 years? (6)
b) How much interest does he earn on a quarterly basis? (4)
2.(a) Complete the table below for an investment of N$25,000.00 in the bank for 5 years earning 8.5% compound interest p.a. for the specified frequency of compounding.
Frequency Formula Amount at the end of the 5th Year Interest earned
Daily - - -
Half Yearly - - -
Quarterly - - -
Weekly - - -
Continuously - - -
3.Suppose that you wish to maximize the sum X1 + X2 subject to the constraintsX1 0; X2 0; X1 + X2 3; 2X1 + X2 4 and 2X1 + X2 1
(a) Draw and shade the feasible region and show coordinates of corner points. (8)
(b) Find numbers X1 and X2 that maximize the sum. (7)
Expert Answer:
Answer To estimate the overhead costs for June we need to determine the variable and ... View the full answer
