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Principal and auxiliary diagonals in matrix operations

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Reference no: EM132987529

Question One

a) Distinguish between the following:

i) Principal and auxiliary diagonals in matrix operations.

ii) Compounding and discounting.

iii) Depreciation and appreciation

iv) Trade and cash discounts.

b) Stephen invests Kshs 15,000. Calculate the amount he will receive at the end of the investment period if interest is compounded 6 times in one year for 12 years at an annual interest rate of 8 %.

c) Find the present value of Kshs 50,000 to be paid 10 years from now at an annual interest rate of 10% compounded weekly (52 weeks in a year).

d) A van that cost Kshs 180,000 is expected to be driven 75,000 miles during its useful life. If the salvage value of the van is Kshs 30,000.

i) Find the unit depreciation

ii) What is the depreciation for 56,000 miles?

Reference no: EM132987529

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