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:
vertex is 2 and -4
Step-by-step explanation:
Answer:
The car arrived at 10:10
Step-by-step explanation:
1. Break up the time the journal took to make it easier
9:45 + 15 minutes = 10:00
10:00 + 10 minutes = 10:10
2. Check your answer
10 + 15 = 25 minutes total
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Answer:
C. x = 6.
Step-by-step explanation:
Given:
4(8 - x) = 8
Solve for x. Distribute:
32 - 4x = 8
Subtract 32 from both sides:
-4x = -24
Divide both sides by -4:
-4x/(-4) = -24/(-4)
x = 6.
