Question: 2% TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3 COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING VALUE VALUE ANNUITY OF ANNUITY FUND VALUE

2% TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3 COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING VALUE VALUE ANNUITY OF ANNUITY FUND VALUE PERIOD OF $1 OF $1 OF $1 OF $1 OF $1 1. 0200 0. 9804 1. 0000 0. 9804 1. 0000 1. 0404 0. 9612 2. 0200 1.9416 0. 4951 1. 0612 0. 9423 3. 0604 2. 8839 0. 3268 1. 0824 0. 9238 4 . 1216 3. 8077 0. 2426 1. 1041 0. 9057 5.2040 4. 7134 0. 1922 1. 1262 0. 8880 6.3081 5. 6014 0. 1585 1. 1487 0. 8706 7.4343 6.4720 0. 1345 1. 1717 0. 8535 8. 5829 7. 3255 0. 1165 1. 1951 0. 8368 9. 7546 8. 1622 0. 1025 10 1.2190 0. 8203 10.9497 8.9826 0. 0913 11 1.2434 0. 8043 12. 1687 9. 7868 0. 0822 12 1.2682 0. 7885 13. 4120 10.5753 0. 0746 13 1.2936 0. 7730 14. 6803 11.3483 0. 0681 14 1. 3195 0. 7579 15.9739 12. 1062 0. 0626 15 1.3459 0. 7430 17.2934 12. 8492 0. 0578 16 1.3728 0. 7284 18. 6392 13.5777 0. 0537 17 1. 4002 0. 7142 20. 0120 14.2918 0. 0500 18 1. 4282 0. 7002 21. 4122 14.9920 0. 0467 19 1.4568 0. 6864 22 . 8405 15. 6784 0. 0438 20 1. 4859 0. 6730 24.2973 16.3514 0. 0412 21 1. 5157 0. 6598 25. 7832 17 . 0112 0. 0388 22 1. 5460 0. 6468 27. 2989 17. 6580 0. 0366 23 1. 5769 0. 6342 28. 8449 18.2922 0. 0347 24 1. 6084 0. 6217 30. 4218 18.9139 0. 0329 25 1.6406 0. 6095 32 . 0302 19.5234 0. 0312 26 1. 6734 0. 5976 33. 6708 20.1210 0. 0297 27 1. 7069 0.5859 35. 3442 20. 7069 0. 0283 28 1. 7410 0.5744 37 . 0511 21. 2812 0. 0270 29 1. 7758 0.5631 38. 7921 21.8443 0. 0258 30 1. 8114 0. 5521 40. 5679 22.3964 0. 0247 31 1.8476 0. 5412 42.3793 22.9377 0. 0236 32 1. 8845 0.5306 44. 2269 23. 4683 0. 0226 33 1.9222 0. 5202 46. 1114 23.9885 0. 0217 34 1.9607 0. 5100 48 . 0336 24.4985 0. 0208 35 1.9999 0. 5000 49.9943 24.9986 0. 0200 36 2. 0399 0. 4902 51.9942 25. 4888 0. 0192 37 2. 0807 0. 4806 54 . 0340 25.9694 0. 0185 38 2. 1223 0. 4712 56. 1147 26.4406 0. 0178 39 2. 1647 0. 4619 58. 2370 26.9025 0 . 0172 40 2. 2080 0. 4529 60. 4017 27.3554 0. 0166 41 2.2522 0. 4440 62 . 6098 27.7994 0. 0160 42 2. 2972 0. 4353 64 . 8620 28.2347 0. 0154 43 2.3432 0. 4268 67 . 1592 28. 6615 0. 0149 44 2. 3900 0. 4184 69. 5024 29. 0799 0. 0144 45 2. 4378 0. 4102 71.8924 29. 4901 0. 0139 46 2. 4866 0. 4022 74 . 3302 29.8923 0. 0135 47 2. 5363 0. 3943 76.8168 30.2865 0. 0130 48 2. 5871 0. 3865 79. 3532 30.6731 0. 0126 49 2. 6388 0. 3790 81.9402 31.0520 0. 0122 50 2. 6916 0. 3715 84.5790 31.4236 0. 01183% TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3 COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING VALUE VALUE ANNUITY OF ANNUITY FUND VALUE PERIOD OF $1 OF $1 OF $1 OF $1 OF $1 1. 0300 0.9709 1. 0000 0.9709 1. 0000 1. 0609 0.9426 2 . 0300 1.9135 0. 4926 1. 0927 0.9151 3. 0909 2.8286 0. 3235 1. 1255 0. 8885 4. 1836 3.7171 0. 2390 1. 1593 0.8626 5.3091 4.5797 0. 1884 1. 1941 0. 8375 6. 4684 5.4172 0. 1546 1. 2299 0. 8131 7. 6625 6.2303 0. 1305 1. 2668 0. 7894 8.8923 7. 0197 0. 1125 1. 3048 0.7664 10. 1591 7.7861 0. 0984 1.3439 0.7441 11. 4639 8.5302 0. 0872 1.3842 0.7224 12. 8078 9. 2526 0. 0781 1. 4258 0. 7014 14. 1920 9.9540 0. 0705 1. 4685 0. 6810 15. 6178 10.6350 0. 0640 1.5126 0. 6611 17.0863 11.2961 0. 0585 1.5580 0. 6419 18.5989 11.9379 0. 0538 1. 6047 0. 6232 20. 1569 12. 5611 0. 0496 1. 6528 0. 6050 21. 7616 13.1661 0. 0460 18 1. 7024 0.5874 23. 4144 13.7535 0. 0427 19 1. 7535 0.5703 25. 1169 14. 3238 0. 0398 20 1. 8061 0.5537 26. 8704 14.8775 0. 0372 21 1. 8603 0.5375 28. 6765 15. 4150 0. 0349 1.9161 0. 5219 30.5368 15.9369 0. 0327 23 1.9736 0.5067 32. 4529 16.4436 0. 0308 24 2. 0328 0. 4919 34. 4265 16.9355 0. 0290 25 2. 0938 0.4776 36.4593 17.4131 0. 0274 26 2. 1566 0.4637 38. 5530 17.8768 0. 0259 2.2213 0. 4502 40. 7096 18.3270 0. 0246 28 2.2879 0.4371 42.9309 18.7641 0. 0233 29 2.3566 0.4243 45.2188 19.1885 0. 0221 30 2.4273 0. 4120 47.5754 19 .6004 0. 0210 31 2. 5001 0. 4000 50. 0027 20. 0004 0. 0200 2. 5751 0. 3883 52. 5027 20.3888 0. 0190 33 2. 6523 0.3770 55. 0778 20.7658 0. 0182 34 2. 7319 0. 3660 57 . 7302 21. 1318 0. 0173 35 2.8139 0.3554 60. 4621 21.4872 0. 0165 36 2.8983 0. 3450 63.2759 21.8323 0. 0158 37 2.9852 0. 3350 66.1742 22.1672 0. 0151 38 3. 0748 0.3252 69 . 1594 22. 4925 0. 0145 39 3. 1670 0. 3158 72.2342 22 . 8082 0. 0138 40 3.2620 0.3066 75. 4012 23. 1148 0. 0133 41 3.3599 0.2976 78. 6633 23.4124 0. 0127 42 3. 4607 0.2890 82. 0232 23.7014 0. 0122 43 3.5645 0.2805 85. 4839 23.9819 0. 0117 44 3. 6715 0. 2724 89 . 0484 24.2543 0. 0112 45 3. 7816 0.2644 92. 7198 24. 5187 0. 0108 46 3.8950 0.2567 96. 5014 24.7754 0. 0104 47 4. 0119 0.2493 100.3965 25. 0247 0. 0100 48 4. 1323 0.2420 104. 4084 25.2667 0. 0096 49 4. 2562 0.2350 108. 5406 25.5017 0. 0092 50 4. 3839 0. 2281 112. 7968 25.7298 0. 00895% TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3 COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING VALUE VALUE ANNUITY OF ANNUITY FUND VALUE PERIOD OF $1 OF $1 OF $1 OF $1 OF $1 1. 0500 0. 9524 1. 0000 0. 9524 1. 0000 1. 1025 0. 9070 2. 0500 1. 8594 0. 4878 1. 1576 0. 8638 3. 1525 2. 7232 0. 3172 1. 2155 0. 8227 4.3101 3. 5459 0. 2320 1.2763 0. 7835 5.5256 4. 3295 0. 1810 1. 3401 0. 7462 6. 8019 5. 0757 0. 1470 1. 4071 0. 7107 8. 1420 5. 7864 0. 1228 1. 4775 0. 6768 9. 5491 6.4632 0. 1047 1.5513 0. 6446 11. 0265 7. 1078 0. 0907 1. 6289 0. 6139 12.5779 7. 7217 0. 0795 1. 7103 0. 5847 14 .2068 8. 3064 0. 0704 1.7959 0. 5568 15. 9171 8. 8632 0. 0628 13 1.8856 0. 5303 17.7129 9.3936 0. 0565 1.9799 0. 5051 19.5986 9. 8986 0. 0510 2. 0789 0. 4810 21.5785 10.3796 0. 0463 16 2. 1829 0. 4581 23. 6574 10.8378 0. 0423 2. 2920 0. 4363 25. 8403 11. 2741 0. 0387 18 2.4066 0. 4155 28. 1323 11. 6896 0. 0355 19 2.5270 0. 3957 30.5389 12. 0853 0. 0327 20 2. 6533 0. 3769 33. 0659 12. 4622 0. 0302 21 2. 7860 0. 3589 35. 7192 12. 8211 0. 0280 22 2.9253 0. 3418 38 . 5051 13.1630 0. 0260 3. 0715 0. 3256 41.4304 13. 4886 0. 0241 24 3.2251 0. 3101 44. 5019 13.7986 0. 0225 25 3.3864 0. 2953 47. 7270 14. 0939 0. 0210 26 3.5557 0. 2812 51. 1133 14.3752 0. 0196 27 3.7335 0. 2678 54 . 6690 14. 6430 0. 0183 28 3.9201 0. 2551 58 . 4024 14. 8981 0. 0171 29 4. 1161 0. 2429 62. 3225 15. 1411 0. 0160 30 4.3219 0. 2314 66.4386 15.3724 0. 0151 31 4. 5380 0.2204 70. 7606 15.5928 0. 0141 32 4.7649 0.2099 75. 2986 15.8027 0. 0133 33 5. 0032 0. 1999 80. 0635 16. 0025 0. 0125 34 5.2533 0. 1904 85. 0667 16. 1929 0. 0118 35 5.5160 0. 1813 90. 3200 16.3742 0. 0111 36 5.7918 0.1727 95. 8360 16.5468 0. 0104 37 6.0814 0. 1644 101. 6278 16. 7113 0. 0098 38 6.3855 0. 1566 107 . 7092 16.8679 0. 0093 39 6. 7047 0. 1491 114. 0946 17. 0170 0. 0088 40 7. 0400 0. 1420 120.7993 17. 1591 0. 0083 41 7. 3920 0.1353 127.8393 17.2944 0. 0078 42 7. 7616 0. 1288 135. 2312 17. 4232 0. 0074 43 8. 1496 0. 1227 142.9928 17.5459 0. 0070 44 8. 5571 0. 1169 151. 1424 17. 6628 0. 0066 45 8. 9850 0. 1113 159. 6995 17. 7741 0. 0063 46 9. 4342 0. 1060 168. 6845 17. 8801 0. 0059 47 9.9059 0. 1009 178. 1187 17.9810 0. 0056 48 10. 4012 0. 0961 188 . 0246 18 . 0772 0. 0053 49 10.9213 0. 0916 198. 4258 18.1687 0. 0050 50 11.4674 0. 0872 209. 3470 18.2559 0. 00484% TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3 COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING VALUE VALUE ANNUITY OF ANNUITY FUND VALUE PERIOD OF $1 OF $1 OF $1 OF $1 OF $1 1. 0400 0.9615 1.0000 0. 9615 1. 0000 1. 0816 0.9246 2. 0400 1. 8861 0. 4902 1. 1249 0. 8890 3. 1216 2. 7751 0. 3203 1. 1699 0. 8548 4. 2465 3.6299 0.2355 1.2167 0. 8219 5.4163 4. 4518 0. 1846 1.2653 0. 7903 6. 6330 5.2421 0. 1508 1.3159 0. 7599 7.8983 6. 0021 0. 1266 1. 3686 0. 7307 9. 2142 6.7327 0. 1085 1.4233 0. 7026 10.5828 7.4353 0. 0945 10 1. 4802 0. 6756 12. 0061 8. 1109 0. 0833 11 1.5395 0. 6496 13. 4863 8. 7605 0. 0741 12 1. 6010 0. 6246 15. 0258 9.3851 0. 0666 13 1. 6651 0. 6006 16. 6268 9.9856 0. 0601 14 1. 7317 0.5775 18. 2919 10.5631 0. 0547 15 1.8009 0.5553 20. 0236 11. 1184 0. 0499 16 1.8730 0.5339 21. 8245 11. 6523 0. 0458 17 1.9479 0.5134 23. 6975 12.1657 0. 0422 18 2. 0258 0.4936 25. 6454 12. 6593 0. 0390 19 2. 1068 0.4746 27. 6712 13.1339 0. 0361 20 2. 1911 0. 4564 29. 7781 13.5903 0. 0336 21 2. 2788 0. 4388 31.9692 14.0292 0. 0313 22 2. 3699 0. 4220 34.2479 14 . 4511 0. 0292 23 2. 4647 0. 4057 36. 6179 14 . 8568 0. 0273 24 2.5633 0. 3901 39. 0826 15.2470 0 . 0256 25 2. 6658 0.3751 41. 6459 15.6221 0. 0240 26 2. 7725 0. 3607 44. 3117 15.9828 0. 0226 27 2. 8834 0. 3468 47 . 0842 16.3296 0. 0212 28 2.9987 0.3335 49.9675 16.6631 0. 0200 29 3. 1187 0. 3207 52.9662 16.9837 0. 0189 30 3.2434 0. 3083 56. 0849 17.2920 0. 0178 31 3.3731 0. 2965 59.3283 17.5885 0. 0169 32 3. 5081 0. 2851 62. 7014 17.8735 0. 0159 33 3. 6484 0.2741 66. 2095 18.1476 0. 0151 34 3.7943 0. 2636 69. 8578 18 . 4112 0. 0143 35 3.9461 0.2534 73. 6521 18.6646 0. 0136 36 4. 1039 0.2437 77.5982 18.9083 0. 0129 37 4. 2681 0.2343 81. 7022 19. 1426 0. 0122 38 4. 4388 0.2253 85.9702 19.3679 0. 0116 39 4. 6164 0. 2166 90. 4091 19.5845 0. 0111 40 4. 8010 0.2083 95. 0254 19.7928 0. 0105 41 4.9931 0. 2003 99. 8264 19.9930 0. 0100 42 5. 1928 0. 1926 104.8195 20.1856 0. 0095 43 5. 4005 0. 1852 110. 0122 20.3708 0. 0091 44 5. 6165 0. 1780 115.4127 20.5488 0. 0087 45 5. 8412 0. 1712 121. 0292 20. 7200 0. 0083 46 6. 0748 0. 1646 126. 8704 20. 8847 0. 0079 47 6.3178 0. 1583 132.9452 21. 0429 0. 0075 48 6.5705 0. 1522 139.2630 21. 1951 0. 0072 49 6.8333 0. 1463 145.8335 21. 3415 0. 0069 50 7. 1067 0. 1407 152. 6669 21.4822 0. 0066(A) A university graduate bought a new car. The cash price is 5 19,000; he made a S 1,400 down payment on it. The bank's loan was for 20 months. Finance charges totaled $ 4,900. What was the monthly payment? (3' points) (B) A steel factory bought a new equipment. The cash price of the equipment is 3 9,000, putting down $ 3,800 and nancing the remainder with 20 monthly payments of 3 288.50 each. Find the APR by table lookup. ('7 points) (C) A person bought an apartment. The cash price is S 190,000; he made a 5 40,000 down payment on it. The bank's loan was for 120 months. Finance charges totaled $ 30,000. What was the monthly payment? (6 points) [?+7+6=20marks)

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