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.
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6b - 8 = 8b - 11
11 - 8 = 8b - 6b
3 = 2b
b = 3/2 = 1.5
Answer:

Step-by-step explanation:

Combine like terms.


Factor out
from the expression.
