Applying the Concepts

  1. 97. 1.2775%

  2. 99. 1.0498%

  3. 101. 12.53 yr

  4. 103. 12.969 g

  5. 105. 12.60 yr

  6. 107. k=0.1204

  7. 109. 13.7 g

  8. 111. P=$859.72; interest $86, 332, 80

  9. 113. He can afford a ­mortgage of $110,545.60

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