couple of questions

[lukaal340]

1- Can they ask questions in business maths where the compounding period and repayment periods are different?
2- How do assessors mark "describe the relationship between (box plots, two frequency tables etc.) questions, are they looking for key words, appropriate figures quoted? (and any tips on how to write these to ensure full marks?)
thanks

[StumbleBum]

1- Can they ask questions in business maths where the compounding period and repayment periods are different?
2- How do assessors mark "describe the relationship between (box plots, two frequency tables etc.) questions, are they looking for key words, appropriate figures quoted? (and any tips on how to write these to ensure full marks?)
thanks

1. Do you mean that it may compound monthly, but they want repayments over weekly? Pretty sure they can't ask that because the calculators      cannot work that out, so I would say no.
2.They are mainly looking for, as you said, key words like 'symmetrical' or 'outlier at 6' or 'bimodal' or something along those lines. Also where appropriate they may be looking for figures to back your statements such as 'bimodal at 2 and 6' or for a two way frequency table they may want appropriate percentages. It really comes down to what the question is, and your own personal judgement, but if in doubt just try and get as much relevant information into a concise response making sure you are never being to vague and allowing the assessors to question or doubt your response.

[Stick]

1- Can they ask questions in business maths where the compounding period and repayment periods are different?
2- How do assessors mark "describe the relationship between (box plots, two frequency tables etc.) questions, are they looking for key words, appropriate figures quoted? (and any tips on how to write these to ensure full marks?)
thanks

1. Yes they can actually. It's quite a common twist in perpetuity questions, where the problem wanted the annual salary from a perpetuity which compounds monthly. It would be incorrect to find monthly payments and then multiply them by 12.

2. Try to single out a particular statistic to compare the two sets of data. This is usually enough to get full marks.

[lukaal340]

1. Yes they can actually. It's quite a common twist in perpetuity questions, where the problem wanted the annual salary from a perpetuity which compounds monthly. It would be incorrect to find monthly payments and then multiply them by 12.

2. Try to single out a particular statistic to compare the two sets of data. This is usually enough to get full marks.

hmm, would you just use a compound interest formula to work out the interest over a year for that? (with monthly compounding periods)

[Stick]

No, you have to use your finance solver. Just put P/Y as 1 but C/Y as 12 and then when you click on PMT the right answer comes up.