mat

MAT

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0 – Mathematics for Business

FTAP #6 – V1

Due date:

Name:

Date:

ID:

Section: U1

Note: For all the questions, provide detailed solution steps.

Question 1: (25 points/20, 5 points respectively)

If $7000 is invested for 4 years at annual rate of 6.25% compounded quarterly, find:

a) Future Value

b) Compound Interest

Question 2: (25 points)

Find the future value of an annuity consisting of payments of KD 1350 at the end of every six months, for 12 years, at an interest rate of 8.5% compounded semiannually.

Question 3: (25 points/5 each)

Given matrices A

=

and B=.

Find:

A + B=

B – A=

A × B=

=

=

Question 4: (25 points)

Find the inverse of matrix N=

Question 5 Bonus): (10 points)

Describe the identity matrix of a 4 × 3 matrix (4 rows and 3 columns).

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