3 years ago

Assignment

Mathematics

2 answers:

ipn [44]3 years ago

6 0

Answer:17.1

Step-by-step explanation:

trasher [3.6K]3 years ago

4 0

Answer:

E2020) 17.1

Step-by-step explanation:

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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:

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

Required Information:

Present Value = ?

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Explanation:

n = 10*4

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The present value is found by

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

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N his road trip, Leon stops to refuel and get some snacks. He has the following purchases:

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