Unformatted text preview: Solutions: 471 Profit = ($0.08/gal)(20,000 gal/mo) = $1,600/month $1,600 (P/A, 1%, N) = $30,000 1,600 âŽ¥ âŽ¦ âŽ¤ âŽ¢ âŽ£ âŽ¡ + âˆ’ + N N ) . ( . ) . ( 01 1 01 1 01 1 = 30,000 ÃŽ âŽ¥ âŽ¦ âŽ¤ âŽ¢ âŽ£ âŽ¡ âˆ’ N . 01 1 1 1 = 30,000x0.01/1,600 = 0.1875 N ln(1.01) = ln âŽ¥ âŽ¦ âŽ¤ âŽ¢ âŽ£ âŽ¡ âˆ’ 1875 1 1 . ÃŽ N = 20.9 ÃŽ 21 months $721.50...
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 Spring '09
 Dr.Kaseko
 Torero Stadium, The First 4, Homework No.

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