Personal Finance
Wiley Pathways
Personal Finance
Update Edition
Vickie L. Bajtelsmit with Linda G. Rastelli
with select chapters from
Wiley Pathways
Business Math essential math concepts for any business environment
Steve Slavin with Tere Stouffer
Copyright © 2012 John Wiley & Sons, Inc.
Copyright © 2012 by John Wiley & Sons, Inc.
All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States
Copyright Act, without either the prior written permission of the
Publisher, or authorization through payment of the appropriate percopy fee to the Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions
Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ
07030-5774, (201) 748-6011, fax (201) 748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service, please call 1(800)-CALLWILEY (225-5945).
ISBN 978-1-118-39970-5
10 9 8 7 6 5 4 3 2 1
Copyright © 2012 John Wiley & Sons, Inc.
baj01275_fm_i-xxviii
2/23/07
11:21 PM
Page iii
Personal Finance
Vickie Bajtelsmit
Colorado State University with Linda Rastelli
Copyright © 2012 John Wiley & Sons, Inc.
baj01275_fm_i-xxviii
2/23/07
11:21 PM
Page iv
Credits
PUBLISHER
Anne Smith
PRODUCTION ASSISTANT
Courtney Leshko
PROJECT EDITOR
Beth Tripmacher
PROJECT MANAGER
Shana Meyer
MARKETING MANAGER
Jennifer Slomack
CREATIVE DIRECTOR
Harry Nolan
SENIOR EDITORIAL ASSISTANT
Tiara Kelly
COVER DESIGNER
Hope Miller
PRODUCTION MANAGER
Kelly Tavares
COVER PHOTO
© George Doyle/Getty Images
Wiley 200th Anniversary Logo designed by: Richard J. Pacifico
This book was
Personal Finance
Update Edition
Vickie L. Bajtelsmit with Linda G. Rastelli
with select chapters from
Wiley Pathways
Business Math essential math concepts for any business environment
Steve Slavin with Tere Stouffer
Copyright © 2012 John Wiley & Sons, Inc.
Copyright © 2012 by John Wiley & Sons, Inc.
All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States
Copyright Act, without either the prior written permission of the
Publisher, or authorization through payment of the appropriate percopy fee to the Copyright Clearance Center, Inc., 222 Rosewood
Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions
Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ
07030-5774, (201) 748-6011, fax (201) 748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service, please call 1(800)-CALLWILEY (225-5945).
ISBN 978-1-118-39970-5
10 9 8 7 6 5 4 3 2 1
Copyright © 2012 John Wiley & Sons, Inc.
baj01275_fm_i-xxviii
2/23/07
11:21 PM
Page iii
Personal Finance
Vickie Bajtelsmit
Colorado State University with Linda Rastelli
Copyright © 2012 John Wiley & Sons, Inc.
baj01275_fm_i-xxviii
2/23/07
11:21 PM
Page iv
Credits
PUBLISHER
Anne Smith
PRODUCTION ASSISTANT
Courtney Leshko
PROJECT EDITOR
Beth Tripmacher
PROJECT MANAGER
Shana Meyer
MARKETING MANAGER
Jennifer Slomack
CREATIVE DIRECTOR
Harry Nolan
SENIOR EDITORIAL ASSISTANT
Tiara Kelly
COVER DESIGNER
Hope Miller
PRODUCTION MANAGER
Kelly Tavares
COVER PHOTO
© George Doyle/Getty Images
Wiley 200th Anniversary Logo designed by: Richard J. Pacifico
This book was