FINAL ASSIGNMENT
Code: 1
Lecturer’s Signature
Program: IB, AC, MIS, BDA
Course Code: MAT 1092
Course Title: Advanced Mathematics
Dr. Nguyễn Quang Thuan
Time allowed: 03 hours Date: 27/12/2021
Department’s Signature
Date: 06/01/2022
Starting at 6:30, 06/01/2022
Ending at 9:30, 06/01/2022
Date: 30/12/2021
Instructions to students:
1. At 6:30, 06/01/2022, each student is assigned a final assignment with code number that is
identical to the tens digit of his / her student code (for example: if a student code is 17071365
then the tens digit is 6, and he / she must choose to do Final Assignment MAT1092 Code 6).
2. Final assignment consists of 5 problems, students should write the answers by hand to these
problems in 10 pages. Solution of problem 1 is written in pages 1-2, problem 2 in pages 3-4,
problem 3 in pages 5-6, problem 4 in pages 7-8, problem 5 in pages 9-10. Each page is numbered
clearly by hand writing in the right-top corner. Some pages not used are left with blank space.
Students should write clearly his / her full name, student code and course class in the first row of
the first page (for example: Nguyễn Văn Thao.17007365.MAT109201).
3. To submit the final assignment, students use CamScanner to scan all the above 10 pages and save
them to a pdf file, starting from page 1, then page 2, 3, 4, 5, 6, 7, 8, 9 and 10.
4. Students should finish submitting the final assignment / the pdf file with the file name: student’s
full name.student code.course class (for example: Nguyen Van Thao.17007365.MAT109201) in
due time through MS Teams Assignment (do not be late in submitting the final assignment in due
time, 9:30, 06/01/2022).
5. Any type of plagiarism and any violation of the above instructions can CAUSE ZERO MARK for
the final assignment.
Problem 1 (2 points): A project requires an initial outlay of $75000 and produces a
return of $20000 at the end of year 1, $30xyz at the end of year 2, $20000 at the end
of year 3, and $20000 at the end of year 4, where x, y, z are the last three digits of
your student code (for example: if a student code is 17071365 then x = 3, y = 6, z = 5
and $30xyz=$30365).
a/ Use the trial-and-error method or another appropriate method to determine the
internal rate of return IRR of the project (express IRR in percentage, rounded to
one decimal place);
b/ Find the net present value NPV of the project if the market rate r is equal to the
value of IRR as found above, then give a comment.
Problem 2 (2 points): An annuity pays out $5000 at the beginning of each year in
perpetuity. If the interest is 5% compounded annually, find:
a/ The present value of the whole annuity;
b/ The present value of the annuity for payments received, starting from the end of
20th year.
Problem 3 (2 points): Consider the optimization problem of maximizing Cobb–
Douglas production function: Q = 20 K1/2 L1/2, subject to cost constraint: K + 4L = 48.
a/ Use the method of Lagrange multipliers to find the maximum value of the
production function;
b/ Estimate the change in the optimal value of Q if the cost constraint is changed to:
K + 4L = 50, and state the new maximum value of the production function.
Problem 4 (2 points): A manufacturer produces two models of racing bike, A and B,
each of which must be processed through two machine shops. Machine shop 1 is
available for 92 hours per month and machine shop 2 for 134 hours per month. The
manufacture of each bike of type A takes 6 hours in shop 1 and 4 hours in shop 2.
The corresponding times for B are 4 and 10 hours, respectively. Due to a contract,
the manufacturer must produce at least 5 bikes of type B per month. If the profit is
$90 and $75 per bike of type A and B respectively, how should the manufacturer
arrange production to maximize total profit?
Problem 5 (2 points): Consider the two-sector model:
= 0.5(C + I – Y)
C = 0.5Y + 600
I = 0.3Y + 300
a/ Find expressions for Y(t), C(t) and I(t) when Y(0) = 5500;
b/ Is this system stable or unstable, explain why?