Answer:
2
Step-by-step explanation:
(x,y)
Answer:
3602
Step-by-step explanation:
Formula = Population after n years = 2000( 1.04)^n
15 years the population will be 2000(1.04)^15
=3602.
Answer:
hope it helps you to understand
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.