Answer:
Bob is 1 1/2 Years Old
Step-by-step explanation:
5-3.5=1.5
Hence, Bob is 1.5, or 1 1/2 years old
Given Information:
Monthly payment = MP = $1500/4 = $375
Monthly interest rate = r = 25/12 = 2.083%
Required Information:
Present Value = ?
Answer:

Explanation:
n = 10*4
n = 40 monthly payments
The present value is found by

Where r is monthly interest rate.
MP is the monthly payment.



Therefore, $10,110 is the present value of 10 quarterly payments of $1500 each at 25% interest rate compounded each month.
Answer:
9/10
Step-by-step explanation:
Just move the decimal point 2 spaces to the left if you want it in the hundredth place. <span>.900 is the answer.</span>