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 saved by procure and written get off should be obtained from the publishing firm prior to every prohibited reproduction, interpose in a retrieval system, or transmission in all dust or by any(prenominal) means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding permission(s), spell to: Rights and Permissions Department, Pearson Education, Inc., upper berth saddleback River, NJ 07458. 4-2 I = ($200)(1% /month)(6 months) = $12 Total owed = $200 + $12 = $212 130 © 2012 Pearson Education, Inc., Upper tear River, NJ. All rights reserved. This publication is protected by procure and written permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retriev al 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, mechanica! l, 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 pull in = 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 trust to get a across-the-board essay, order it on our website: BestEssayCheap.com

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