SOLUTIONS TO SELECTED PROBLEMS
Student: You should work the problem completely before referring to the solution.
CHAPTER 1
Solutions included for problems 1, 4, 7, 10, 13, 16, 19, 22, 25, 28, 31, 34, 37, 40,
43, 46, and 49
1.1 Time value of money means that there is a certain worth in having money and the
worth changes as a function of time.
1.4 Nearest, tastiest, quickest, classiest, most scenic, etc
1.7 Minimum attractive rate of return is the lowest rate…
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