Section PF.11 – Solutions to the Practice Problems

1. $232,810.30

2. $182,158.28

3. $589,088.84

4.

a. $320,243.29
b. $750,000.00
c. $429,756.71

5.

a. $401,447.24
b. $700,000.00
c. $298,552.76

6. $3,582.16

7. $2,827.12

8. $3,042.80

9. $6,064.67

10. $1,293.90

11. $2,398.52

12. $122,623.83

13.
20 years: $4,182.20
30 years: $3,668.82

14.

a. $11,257.78
b. $61.54

15.

a. $22,515.57
b. $38.23