3 years ago

Answer please. Only #4

Mathematics

1 answer:

adelina 88 [10]3 years ago

6 0

Answer: I'm pretty sure the answer is A. sorry if I'm wrong

-jlern2

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Karo-lina-s [1.5K]

Yup it has to be a greater divedend if not answer would be completly wrong

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3 years ago

Find the amount and present value of 10 quarterly payments of $ 1500, if the interest rate is 25% compounded each month.

BlackZzzverrR [31]

Given Information:

Monthly payment = MP = $1500/4 = $375

Monthly interest rate = r = 25/12 = 2.083%

Required Information:

Present Value = ?

Answer:

$PV = \$10,110$

Explanation:

n = 10*4

n = 40 monthly payments

The present value is found by

$PV = MP \times \frac{ (1 - \frac{1}{(1+r)^n} )}{r}$

Where r is monthly interest rate.

MP is the monthly payment.

$PV = 375 \times \frac{ (1 - \frac{1}{(1+0.02083)^{40}} )}{0.02083}$

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Therefore, $10,110 is the present value of 10 quarterly payments of $1500 each at 25% interest rate compounded each month.

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The equation that passes through these points is x = 4

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3 years ago

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Answer:

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Dafna11 [192]

Answer:

63 feet of ribbon

Step-by-step explanation:

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