Answer: 22
Step-by-step explanation:
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.
X= 24 simple calculations are there
Answer: 41.5 min
Step-by-step explanation:
This problem can be solved with the Radioactive Half Life Formula:
(1)
Where:
is the final amount of the radioactive element
is the initial amount of the radioactive element
is the time elapsed
is the half life of the radioactive element
So, we need to substitute the given values and find
from (1):
(2)
(3)
(4)
Applying natural logarithm in both sides:
(5)
(6)
Clearing
:
This is the time elapsed