A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page i Instructor s Solutions Manual for Business Mathematics Ninth Edition Cheryl Cleaves Southwest Tennessee Community College Margie Hobbs The University of Mississippi Jeffrey Noble Madison Area Technical College Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page ii Copyright 2012 by Pearson Education, Inc. All rights reserved. Printed in the United States of America. This publication is protected by Copyright and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458 or you may fax your request to 201-236-3290. Many of the designations by manufacturers and seller to distinguish their products are claimed as trademarks. Where those designations appear in this book, and the publisher was aware of a trademark claim, the designations have been printed in initial caps or all caps. 10987654321 ISBN-13: 978-0-13-281826-1 ISBN-10: 0-13-281826-4
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page iii Chapter 1 Review of Whole Numbers and Integers....1 Section Exercises, 1 Exercises Set A, 2 Exercises Set B, 4 Practice Test, 5 Critical Thinking, 5 Challenge Problem, 6 Case Studies, 6 Chapter 2 Review of Fractions....8 Section Exercises, 8 Exercises Set A, 11 Exercises Set B, 12 Practice Test, 13 Critical Thinking, 14 Challenge Problem, 15 Case Studies, 15 Chapter 3 Decimals....17 Section Exercises, 17 Exercises Set A, 18 Exercises Set B, 20 Practice Test, 21 Critical Thinking, 22 Challenge Problem, 23 Case Studies, 23 Chapter 4 Banking....24 Section Exercises, 24 Exercises Set A, 26 Exercises Set B, 29 Practice Test, 32 Critical Thinking, 33 iii
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page iv Challenge Problem, 34 Case Studies, 34 Chapter 5 Equations....36 Section Exercises, 36 Exercises Set A, 39 Exercises Set B, 41 Practice Test, 42 Critical Thinking, 43 Challenge Problem, 44 Case Studies, 44 Chapter 6 Percents....45 Section Exercises, 45 Exercises Set A, 48 Exercises Set B, 50 Practice Test, 51 Critical Thinking, 52 Challenge Problem, 52 Case Studies, 52 Chapter 7 Business Statistics....54 Section Exercises, 54 Exercises Set A, 57 Exercises Set B, 59 Practice Test, 61 Critical Thinking, 62 Challenge Problem, 63 Case Studies, 63 Chapter 8 Trade and Cash Discounts....65 Section Exercises, 65 Exercises Set A, 67 Exercises Set B, 68 Practice Test, 69 Critical Thinking, 69 Challenge Problem, 70 Case Studies, 71 iv
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page v Chapter 9 Markup and Markdown....72 Section Exercises, 72 Exercises Set A, 77 Exercises Set B, 78 Practice Test, 79 Critical Thinking, 81 Challenge Problem, 81 Case Studies, 81 Chapter 10 Payroll....83 Section Exercises, 83 Exercises Set A, 86 Exercises Set B, 86 Practice Test, 87 Critical Thinking, 88 Challenge Problem, 89 Case Studies, 89 Chapter 11 Simple Interest and Simple Discount....92 Section Exercises, 92 Exercises Set A, 95 Exercises Set B, 96 Practice Test, 97 Critical Thinking, 98 Challenge Problem, 99 Case Studies, 99 Chapter 12 Consumer Credit....101 Section Exercises, 101 Exercises Set A, 103 Exercises Set B, 104 Practice Test, 105 Critical Thinking, 107 Challenge Problem, 107 Case Studies, 108 Chapter 13 Compound Interest, Future Value, and Present Value.... 109 Section Exercises, 109 Exercises Set A, 111 v
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page vi Exercises Set B, 112 Practice Test, 114 Critical Thinking, 115 Challenge Problem, 116 Case Studies, 116 Chapter 14 Annuities and Sinking Funds....118 Section Exercises, 118 Exercises Set A, 121 Exercises Set B, 123 Practice Test, 124 Critical Thinking, 126 Challenge Problem, 127 Case Studies, 127 Chapter 15 Building Wealth Through Investments....129 Section Exercises, 129 Exercises Set A, 130 Exercises Set B, 131 Practice Test, 132 Critical Thinking, 133 Challenge Problem, 134 Case Studies, 134 Chapter 16 Mortgages....135 Section Exercises, 135 Exercises Set A, 139 Exercises Set B, 141 Practice Test, 142 Critical Thinking, 144 Challenge Problem, 145 Case Studies, 145 Chapter 17 Depreciation....146 Section Exercises, 146 Exercises Set A, 150 Exercises Set B, 152 vi
A01_CLEA8261_09_ISM_FM.qxd 4/29/11 9:54 PM Page vii Practice Test, 153 Critical Thinking, 154 Challenge Problem, 155 Case Studies, 155 Chapter 18 Inventory....157 Section Exercises, 157 Exercises Set A, 161 Exercises Set B, 162 Practice Test, 163 Critical Thinking, 165 Challenge Problem, 165 Case Studies, 166 Chapter 19 Insurance....167 Section Exercises, 167 Exercises Set A, 169 Exercises Set B, 170 Practice Test, 171 Critical Thinking, 172 Challenge Problem, 173 Case Studies, 173 Chapter 20 Taxes....175 Section Exercises, 175 Exercises Set A, 177 Exercises Set B, 178 Practice Test, 179 Critical Thinking, 179 Challenge Problem, 179 Case Studies, 180 Chapter 21 Financial Statements....181 Section Exercises, 181 Exercises Set A, 187 Exercises Set B, 191 Practice Test, 195 Critical Thinking, 197 Challenge Problem, 197 Case Studies, 198 vii