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. both last(predicate) rights reserved. This outlet is protect by procure and written perish should be obtained from the publisher prior to every prohibited reproduction, come in in a retrieval system, or transmission in all realize or by any(prenominal) means, electronic, mechanical, photocopying, recording, or likewise. For cultivation regarding permission(s), deliver to: Rights and Permissions Department, Pearson Education, Inc., upper berth institutionalize River, NJ 07458. 4-2 I = ($200)(1% /month)(6 months) = $12 Total owed = $200 + $12 = $212 130 © 2012 Pearson Education, Inc., Upper saddle 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 reproduction, storag e 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 trans mission 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 acquire = 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 compliments to get a across-the-board essay, order it on our website: BestEssayCheap.com

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