Con E 330 HW 4

4-9 The toll cost per vehicle to cover the cost of the toll booth replacement project in 3 years should be $2.57.
4-12 It will take 35 months to pay off a $705 debt with monthly payments of $25 at a15% interest rate compounded monthly.
4-16 Computed using the minimum number of compound interest factors we get: B = $633.9730 using the present value of annuity factor C = $51.0510 using the future value of annuity factor V = $228.1327 using the net present value formula
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