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  • FM 101 Financial Mathematics: Week 06 Peer Mentoring Activity Sheet

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    Abu Bakr Siddique
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    The document defines key financial mathematics terms like present value, accumulated value, promissory notes, and treasury notes. It then presents two word problems about calculating interest earned on bank deposits. The first asks how much interest Akshara would earn depositing $10,000 in a bank for 90 days at 5.9% annual interest. The second asks how much interest and future value Akshara would get depositing the same amount in a different bank for 5 years at 6.9% annual interest.

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    The document defines key financial mathematics terms like present value, accumulated value, promissory notes, and treasury notes. It then presents two word problems about calculating interest earned on bank deposits. The first asks how much interest Akshara would earn depositing $10,000 in a bank for 90 days at 5.9% annual interest. The second asks how much interest and future value Akshara would get depositing the same amount in a different bank for 5 years at 6.9% annual interest.

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    © All Rights Reserved
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    16 views1 page

    FM 101 Financial Mathematics: Week 06 Peer Mentoring Activity Sheet

    Uploaded by

    Abu Bakr Siddique
    The document defines key financial mathematics terms like present value, accumulated value, promissory notes, and treasury notes. It then presents two word problems about calculating interest earned on bank deposits. The first asks how much interest Akshara would earn depositing $10,000 in a bank for 90 days at 5.9% annual interest. The second asks how much interest and future value Akshara would get depositing the same amount in a different bank for 5 years at 6.9% annual interest.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    FM 101 FINANCIAL MATHEMATICS

    WEEK 06: Peer Mentoring Activity Sheet

    A). Define the following keywords:

    1). Present Value 2). Accumulated Value 3). Promissory Notes 4). Treasury Notes

    B). Word Problem Solving.

    Akshara is an entrepreneur who has $10,000 cash as surplus. She intends to deposit the money in ANZ
    bank which offers an annual interest rate of 5.9% per annum.

    a). Suppose Akshara deposited the money in ANZ bank and withdrew the money after 90 days. How
    much interest she will earn from her investment?

    b). Suppose Akshara had deposited $10,000 in Bank of Baroda for 5 years at an annual interest rate of
    6.9% per annum.

    i. How much is the interest did she earn from the investment?

    ii. What will be the accumulated (Future) value of her investment?

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