An amortized loan requires 500 end of month payments of 1, 2, 3, 4,
..., 499, 500. The nominal interest rate is 6% convertible monthly. Find the
outstanding balance of the loan immediately after the 5th payment.

(a) 28619.77
(b) 29327.36
(c) 29342.46
(d) 30514.11
(e) 31589.03

2. Use the data in BUSI1013 Bank Dataset.xlsx (Unit 1 Question 2) to answer this question. (4 points for each part; 8 points total)
   
   1. Perform a statistical test to see whether the average loans of customers before the change at the Brock and Chase branch are different.
   2. Construct a 95% confidence interval for the difference of average loans of customers before the change at the Brock and Chase branch.

1.) Determine the energy change (in Joules) associated with the transition from n=2 to n=4 in the Hydrogen atom.

2.) Calculate the wavelength (in nm) of the red line in the visible spectrum of excited H atoms using Bohr Theory.

3.) What is the energy (in Joules) of the X-ray radiation at 2.00x10^-10 m that are used for medical diagnosis?

4.) What is the binding energy of an electron in a photosensitive metal (in kj/mol) if the minimum frequency of light that can eject electrons from the metal is 6.3x10^14 Hz?

5.) How many photons are contained in a burst of yellow light (589nm) for a sodium lamp that contains 609 kJ of energy?

1. Exchange rate for Turkish Lira (TL) is $2

Exchange rate for Swiss Franc is $4

The cross rate between franc and TL is 3 francs per TL.

Is there an triangle arbitrage opportunity to make profit?

2. Exchange rate for Turkish Lira (TL) is $2

Exchange rate for Swiss Franc is $4

The cross rate between franc and TL is 3 francs per TL.

How much profit would you make at most if you have $100?

1. Lesly Cardona's investment in WellsFargo shares returned 3%, 4%, and 5% in years 1, 2, and 3 respectively. Based on this information, calculate the following:
   1. The standard deviation of wellsfargo stock
   2. Arithmatic mean return
   3. Geometric mean return

1. Polarisation of light.

2. Left Polarisation.

3. Right Polarisation

4. Circular Polarisation.

GASB suggests that there are 4 major differences between governments and businesses:

1. Organizational Purpose

2. Revenue Process and Sources

3. Longevity

4. Relationship with Stakeholders

5. Importance of Budget

Explain the difference between governments and for-profit businesses in each of these 5 areas.

Use the following information to answer Questions 6 and 7.
The 1-, 2-, 3-, and 4-year oil forward prices are $60, $58.35, $57.40, and $55 per barrel, respectively. Your firm is thinking about starting up an offshore drilling station and needs to forecast revenue over the next 4 years. Assume the risk-free rate is 5.25% each year and initial costs are $150,000,000.
6. (1 point) If your firm expects to extract 1,100,000 barrels of oil per year and each barrel costs $11.50 to extract, then what is the net present value (NPV) of this project? Use continuous compounding. Round your answer to the nearest $0.01.
7. (0.50 points) Is this commodity market in contango or backwardation?