We need to find the other base also in order for us to find out what the area of this is.
Answer:
a is correct
Step-by-step explanation:
it is correct because we are adding
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.
5/12 is less than 1/2 because 6/12 = 1/2
Therefore, there are not enough 1/12 pieces to equal or exceed 1/2.