Section PF.8 – Solutions to the Practice Problems

1. $488.67

2. $4,374.76

3. $11,4528.95

4. $2,501.51

5. $8,878.56

6. $434.11

7.
a. $3,641.51
b. $1,641.51

8.
a. $26,915.88
b. $16,915.88

9. $7,140.96

10. $9,327.19

11. $6,476.77

12.
a. $245.01
b. $246.59
c. $246.70
d. $246.73

13. $2,964.38, $1035.62

14. $2,206.53, $293.47

15. $3,538.87

16. $9,936.38

17. $2,225.77

18. $5,208.66

19.
a. $45,244.48
b. $39,100.00

20.
a. $6,515.58
b. $6,000.00