Logarithmic and exponential forms of equations in exercise, write the logarithmic equation as an exponential equation, or vice versa.
e2 = 7.

Trish receives $450 on the first of each month. josh receives $450 on the last day of each month. both trish and josh will receive payments for next four years. at a discount rate of 9.5 percent, what is the difference in the present value of these two sets of payments?