Find the distance between the point of bank and the point of office.
The distance she travels is approximately 7.3 km.
Hope this helps :)
The distance she travels is approximately 7.3 km.
Hope this helps :)
Dexter deposited 6,300 into a saving account that earns 2.60% simple interest per year. How much interest will she earn in 4 yea
1 answer:
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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.