Perform the Indicated Operation and Reduce to Lowest Terms $\frac { 2 } { 5 }$

question 4

Essay

Perform the indicated operation and reduce to lowest terms.
4 $\frac { 2 } { 5 }$ - 2 $\frac { 1 } { 2 } =$

---

Definitions:

Proceeds

The amount of money received from a transaction, especially after selling an asset or completing a deal.

Uniform Commercial Code

A codification of the laws governing commercial transactions in the United States, designed to make interstate commerce more efficient.

Financing Statement

A document filed by a secured party to give public notice of their interest in the property of a debtor, typically used in secured transactions.

Collateral

Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower fails to pay.