Answer:
The new mortgage repayment is $10,580.69
Step-by-step explanation:
As at the time Douglas lost his job,he has already made repayments on the mortgage for a period of 7 years,by extending the repayment period by another 7 years,Douglas now have a period of repayment of 30 years now(30-7+7).
The new repayment yearly can be computed using the pmt formula in excel as given below:
=pmt(rate,nper,-pv,fv)
rate is the interest rate on mortgage given as 4.25%
nper is the period of repayment now 30 years
pv is the current of balance of $177,533.62
fv is the total amount repayable on the mortgage and it is not known hence taken as zero
=pmt(4.25%,30,-177533.62,0)=$10,580.69
Answer: It’s A y > x^2-4
Y < x^2+3
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
We can see that the slope is positive, which means that the x-term must be positive.
If you expand and simply both equations into the form y = mx + b, you will find that m is positive for A and negative for B, hence A is the correct answer.
Answer:
4 years difference
Step-by-step explanation:
There is no graph to find the volume
