Department of Applied Finance and Actuarial Studies ACST101 : TECHNIQUES AND ELEMENTS OF FINANCE TECHNIQUES READING FOR WEEK 1 SIMPLE INTEREST & SIMPLE DISCOUNT INTRODUCTION TO TECHNIQUES The first half of the lectures develop the basic techniques required to solve financial problems: - Simple interest and simple discount which are usually only used for transactions of a short duration. The price paid for securities purchased in the money market is usually calculated using a simple interest
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SYDNEY INSTITUTE OF BUSINESS AND TECHNOLOGY ACST101 TECHNIQUES AND ELEMENTS OF FINANCE REVISION - LECTURES 1‚ 2 & 3 Sample Class Test 1 Instructions: For Questions 1‚ 2 and 4 write your answer in the space provided. For Question 3 all working must be shown. Total marks for the test = 10. Time: 50 minutes writing time (no reading time) Question 1 (2 Marks ) (i) Vincent invested a sum of $5‚000 in a bank account earning 5½% p.a simple interest on 1 September 2003. On what date will Vincent’s bank
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Unit Convenor: Sachi Purcal Email: sachi.purcal@mq.edu.au Phone: 9850-8571 Office: E4A 615 Consultation Hours: Thursdays‚ 1000–1200‚ E4A 615 Teaching Assistant: Daniel Ciarliero Email: daniel.ciarliero@mq.edu.au Credit Points 3 Prerequisites ACST101(P) and 15cp Corequisites N/A Co-badged status This unit is not co-badged. Unit Description This unit explores some basic concepts of finance‚ in particular: price; yield; the relationship between price and yield; interest rate risk; reinvestment
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