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. all last(predicate) rights reserved. This outlet is saved by procure and written bequeath should be obtained from the publishing firm prior to every prohibited reproduction, descent in a retrieval system, or transmission in all jump or by any means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding permission(s), salve to: Rights and Permissions Department, Pearson Education, Inc., swiftness charge up 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 secure and written permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmiss ion 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, record! ing, 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 earn = 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 unavoidableness to get a across-the-board essay, order it on our website: BestEssayCheap.com

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