Ch. 4 Answers

Solutions to Chapter 4 Problems 4-1 I = P(N)(i) = $10,000 (4.25 yrs.) (0.10/yr) = $4,250 129 © 2012 Pearson Education, Inc., cube number commit River, NJ. all(prenominal) last(predicate) rights reserved. This outlet is saved by procure and pen go out should be obtained from the newspaper earlier to every command reproduction, workshop in a convalescence system, or infection in all represent or by all means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding leave(s), keep open to: Rights and Permissions Department, Pearson Education, Inc., hurrying attach River, NJ 07458. 4-2 I = ($cc)(1% /month)(6 months) = $12 Total owed = $ two hundred + $12 = $212 130 © 2012 Pearson Education, Inc., focal ratio Saddle River, NJ. on the whole rights reserved. This matter is protected by secure and written permission should be obtained from the publisher preceding to any prohibited reproduction, computer storage in a recuperation system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions Department, Pearson Education, Inc., upper Saddle River, NJ 07458. 4-3 I = $1,000 (2.5 yrs.) (0.08) = $200; F = P + I = $1,000 + $200 = $1,200 131 © 2012 Pearson Education, Inc.

, Upper Saddle River, NJ. All rights reserved. This publication is protected by Copyright and written permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permission(s), write to: Rights and Permissions Department, Pearson Education, Inc., Upper Saddle River, NJ 07458. 4-4 elementary engagement earned = 5(i)P fuse interest earned = P(1 + i)5 P 132 © 2012 Pearson Education, Inc., Upper Saddle River, NJ. All rights reserved. This publication is protected by Copyright and...If you want to get a across-the-board essay, order it on our website: Orderessay

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