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: I feel ike it should be C
Step-by-step explanation:
I just guessed
:)
Answer: No two students ran same distance
Step-by-step explanation:
Given
Stacy ran of a km i.e.
Jules ran of a km i.e.
Raul ran of mile i.e.
So, no two students ran the same distance.