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| rev | Admin | (Created page with "'''Solution: E''' The present value of the payments (4000 at month 36 plus the payments of X) must match the present value of the present value of the amounts borrowed (4000 at month 0 plus the payments of 800). The quarterly interest rate is 0.264/4 and all payment times should be in quarters of a year. On that time scale, the 4000 at month 36 is at time 12. The payments of 4000 are at times 1/6, 3/6, 5/6, ..., 71/6 and there are 36 such payments. One way to write the...") | Nov 19'23 at 1:01 | +1,031 |