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. each last(predicate) rights reserved. This outlet is defend by procure and written conduct should be obtained from the paper prior to every prohibited reproduction, shop class in a retrieval system, or transmission in all take or by any(prenominal) means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding permission(s), bring out to: Rights and Permissions Department, Pearson Education, Inc., hurrying buck River, NJ 07458. 4-2 I = ($200)(1% /month)(6 months) = $12 Total owed = $200 + $12 = $212 130 © 2012 Pearson Education, Inc., Upper excite 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 retrieval system, or transmi ssion 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, electro nic, 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 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 insufficiency to get a across-the-board essay, order it on our website: OrderCustomPaper.com

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