Question: Reggie needs a quick x-dollar loan, just until his next payday in two weeks to take advantage of a sale on ski equipment. The bank

Reggie needs a quick x-dollar loan, just until his next payday in two weeks to take advantage of a sale on ski equipment. The bank would take too long in paperwork, so he goes to a pawnshop. The pawn- shop will only lend him 25% of the value of his collateral. Express algebraically the amount of collateral Reggie must use for this loan.

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