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3 years ago

Can somebody help please real quick

Mathematics

2 answers:

mylen [45]3 years ago

8 0

I think it's the 2nd option.

MaRussiya [10]3 years ago

6 0

It should be the second one

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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:

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.

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

$PV = 375 \times (26.96)$

$PV = \$10,110$

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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Iteru [2.4K]

Answer:

Step-by-step explanation:

4- Ones

6- tenths

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3-thousandths

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3 years ago

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nalin [4]

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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