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
9514 1404 393
Answer:
65.52 square feet
Step-by-step explanation:
The area of a rhombus is half the product of the diagonals.
A = (1/2)ab
A = (1/2)(12.6 ft)(10.4 ft) = 65.52 ft²
The area of the farm is 65.52 square feet.
Answer:
At 6 p.m., the number of cars in a parking lot is 120
Step-by-step explanation:
At 1 p.m., the number of cars in a parking lot is 78.
Given,
Note that
So, 1 p.m. goes for n = 0, then
6 p.m. goes for n = 5
Thus,
Answer:
7x+6 = 5(x+6)
Step-by-step explanation:
x represents Harry's age now, so 7x represents Nick's age now. (Nick is 7 times as old as Harry.)
In 6 years, Harry's age will be x+6.
In 6 years, Nick's age will be 7x+6, which is 5 times Harry's age at that time, 5(x+6). Hence an appropriate equation is ...
... 7x+6 = 5(x+6)
_____
Please note that finding the value of x does not give the answer to the question. We are asked for Harry's age in 6 years, so the answer is x+6 (=18).
