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.
Answer:
Her model is 37 times as tall as Ben's.
Step-by-step explanation:
70 11/12 ÷ 5 3/4
851/12 ÷ 23/4
851/12 x 4/23
37/1 x 1/1 = 37 times as tall
Answer:
281
Step-by-step explanation:
68 out of 653 = 68/653 = 0.104
2700 * 0.104 = 281
Answer:
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Step-by-step explanation: