1. Solve for L. 4 ( s )=4 ( s= m ( b+ L) 4 m ( b+ L ) ) 4 4 s=m(b+ L) 4 s m ( b+ L ) = m m 4s =b+ L m 4s b=b+ Lb m 4s b=L m 2. Solve for H. p v = (c + H ) 3 p 3 ( v )=3 ( ( c+ H )) 3 3 v= p (c+ H) 3 v p (c + H ) = p p 3v =c+ H p 3v c=c + Hc p 3v c=H p 3. To borrow money at a rate of r, which loan plan should be chosen - one compounding 4 time a year or 12 times a year? I chose to input numbers to prove this. A $1000.00 loan for one year at 1% interest. r 1+ nt n A=P Compounded 4 times per year .01 41 4 A=1000 Compounded 12 times per year .01 121 12 A=1000 1+ 1+ 1.0025 4 A=1000 1.000833333 ... 12 A=1000 A=1000 (1.01003756) A=1000 (1.01004596088) A=1010.0375625 A=1010.04596 A=$ 1010.04 A=$ 1010.05 $ 1010.05$ 1010.04=$ .01 $.01 would be your profit, or more specifically how much less you would pay for the loan when compounded quarterly vs. monthly