Copyright © 2008, The McGraw-Hill Companies, Inc.637
Appendix A
A Answers to Odd-Numbered Exercises Appendixes
Chapter 1 Section 1.1- $125
- $68.47
- $2,300
- $285.26
- a) $2500, b) 2 years, c) Jin’s parents, d) Jin
- a) 0.12, b) 0.153, c) 0.08, d) 0.0435, e) 0.0075,
f) 1.25, g) 0.095, h) 0.1975, i) 0.05625,
j) 0.204375, k) 0.00875, l) 3.75125 - $41.05
- $9,143
- $176
- $1,561.61
- $1,568.48
- $23,713.86
- $1.25
- $3,363.05
- $2,244
- $2,039.44
- $6,658.13
- $16,609.16
- $3,880
- a) $5,800; b) $5,832; c) Jerry earned interest on
$5,400 for the second year, Tom earned interest
only on his original $5,000. - $52.50
Chapter 1 Section 1.2- $60
- $3,293.42
- $920,713.33
- $1,486.30
- $4,422.93
- $8,640
- $59.86
- $2,265.39
- $5,301.75
- $2.99
- $8,509.32
- $1,093.75
- $95.13
- $26,750,000
- $23,222.95
- $4,053.51
- $50.63
35. a) $1.11, b) $1.10
37. £3,041.57
Chapter 1 Section 1.3- $350
- $34,000
- $640,350.88
- a) 4.53%, b) 10.11%, c) 10.43%, d) 104.3%,
e) 18.25%, f) 10% - 30%
- 13.90%
- 307 days
- 312 days
- 91 days
- 8.58%
- 232 days
- $1,072,386.06
- 13.01%
- 66 days
- 480 days
- a) 63.16%, usury, b) 3.95%, not usury,
c) 24.44%, not usury, d) 30.42%, usury - 136.60%
Chapter 1 Section 1.4- a) January 17, 2004, b) $12,000, c) April 17, 2004,
d) $12,800, e) 3 months or 91 days - a) July 1, 2006, b) $5,350, c) September 29, 2006,
d) $5,500, e) 90 days - 172 days
- 203 days
- November 22, 2005
- May 17, 2005
- 968 days
- 167 days
- September 16, 2002
- August 16, 2006
- $10,223.56
- a) 163 days, b) 14.00%
- August 8, 2005
- 149 days
- 45 days
- February 10, 2008
- March 30, 2008
- $150,546.55
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