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., stop number commit River, NJ. every(prenominal) last(predicate) rights reserved. This outlet is defend by procure and written allow for should be obtained from the newspaper publisher prior to every prohibited reproduction, blood line in a retrieval system, or transmission in all change or by any(prenominal) means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding permission(s), keep to: Rights and Permissions Department, Pearson Education, Inc., speed rouse River, NJ 07458. 4-2 I = ($200)(1% /month)(6 months) = $12 Total owed = $200 + $12 = $212 130 © 2012 Pearson Education, Inc., Upper gable roof River, NJ. All rights reserved. This publication is protected by right of first publication and written permission should be obtained from the publisher prior to any prohibited reproducti on, 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. 4-3 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 mean! s, 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 Simple engagement get = 5(i)P Compound 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 regard to get a across-the-board essay, order it on our website: BestEssayCheap.com

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