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: 3.97000947 × 10^4
Answer:
36°
Step-by-step explanation:
134° is the exterior angle of the triangle.
By the exterior angle theorm
134° = 98° + y
y = 134° - 98° = 36°
The y intercept is the y value determined when x = 0
y = -0 - 5
y = - 5
The y intercept is (0,-5)
The x intercept is where y = 0
0 = -x - 5
5= -x
x = - 5
The x intercept is (- 5, 0)
Answer:
2.3 hours, or 2 hours & 18 minutes
Step-by-step explanation:
we are trying to find h when d is 56.68, so I replaced d with 56.68
subtract 0.1 from both sides
divide both sides by 24.6
