Section PF.7 – Solutions to the Practice Problems

1. $2096.25

2. $6.88

3. $77,040.00

4. $24,787.50

5. $13,227.50, $227.50

6. $2,727.27

7. $1,390.89

8. $1,052.63

9. 25%

10. 60%

11. 7.5%

12. 3.6 years

13. 41.8 years

14. 10.7 years

15. 27.8 years

16. 46.5 years

17. 19.6 years

18. 40%

19. 200%

20. 136.875%

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College Mathematics - MAT14X - 3rd Edition Copyright © by Adam Avilez; Shelley Ceinaturaga; and Terri D. Levine is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.