4. What is the value of t in each of the following expressions? (a) 5e-0.6t = 60 [7 marks] (b) 500 = 800 (1 – e 0.7t) [7 marks] 5. Find the sum of the; (a) first 10 terms of ¼, ¾, 5/4, 7/4,….. [7 marks] 5 (b) first 8 terms of 1/3, 1/9, 1/27, 1/81,…. [7 marks] 6. (a) What is the Annual equivalent percentage rate of interest if the annual interest rate is 8% and interest is compounded monthly? (assume that all months consist of 365/12 days). [8 marks] (b) Calculate the market price of a bond of redemption value £100 and coupon 8% if the prevailing interest rate is 6.5%. [8 marks] i just want answers with no explaining just clean simple answers , and it can be less tha 275 words, please no complicate thank you. No reference
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