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60 60 EQUATION 1: $1,000.00 = $23.00 + $967.50 (4) r 1+r 52 52 EQUATION 2: $967.50 = $23.00 + $1,000.00 $ r 60 EQUATION

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60 60 EQUATION 1: $1,000.00 = $23.00 + $967.50 (4) r 1+r 52 52 EQUATION 2: $967.50 = $23.00 + $1,000.00 $ r 60 EQUATION 3: $967.50 = $46.00 +$1,000.00 () 1+r 26 26 EQUATION 4: $1,967.50 = $23.00 =>") (14) (4) + $1,000.00 1+r 52 EQUATION 5: $967.50 = $23.00 + $1,046.000 14 60 60 EQUATION 1: $1,000.00 = $23.00 + $967.50 (4) r 1+r 52 52 EQUATION 2: $967.50 = $23.00 + $1,000.00 $ r 60 EQUATION 3: $967.50 = $46.00 +$1,000.00 () 1+r 26 26 EQUATION 4: $1,967.50 = $23.00 =>") (14) (4) + $1,000.00 1+r 52 EQUATION 5: $967.50 = $23.00 + $1,046.000 14

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