1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PtichkaEL [24]
3 years ago
14

Frank Green purchased a home with a 10.25% rate mortgage for 25 years. His total monthly payments were $509.85. At the end of 3

years he owes the bank $55,000. Now that interest rates have gone up to 12.75%, the bank wants to renew the mortgage at this rate or Frank can pay $55,000. Frank decides to renew the mortgage, which will make his payments $610.50 a month. You can ignore the small amount of principal that has been paid. What is the monthly payment per thousand of the old mortgage? $ a0 What is the monthly payment per thousand of the new mortgage? $ a1 What is the percent of increase in his new monthly payment? a2 %
Mathematics
1 answer:
eimsori [14]3 years ago
7 0

Answer:

509.85/55= $9.27 old payment per thousand

610.50/55= $11.10 new payment per thousand

(11.10/9.27)-1= 0.197= 19.7% increase

You might be interested in
A restaurant can seat 100 people. It has booths that seat 4 people and tables that seat 6 people. So far 5of the booths are full
Pachacha [2.7K]
How many booths and tables are there altogether?
6 0
3 years ago
Ralph is 3 times as old as Sara. In 4 years, Ralph will be only twice as old as Sara will be then. Find Ralph's age now. Ralph's
IgorLugansk [536]
Let
R = Ralph's age
S = Sara's age

First statement is translated as:
S = 3R

Second statement is translated as:
S + 4 = 2(R + 4)

Use the first equation to be substituted into the second one in terms of R which is the one we are actually going to solve for Ralph's age.
Since S = 3R, then
3R + 4 = 2(R + 4)
3R + 4 = 2R + 8
3R - 2R = 8 - 4
R = 4 years old
7 0
3 years ago
Read 2 more answers
Harley is loading 625 bags of cement in pallets . Each pallet holds 5 bags. How many pallets well she need?
notka56 [123]
625/5=125
125 is your answer
4 0
3 years ago
Read 2 more answers
An automobile manufacturer sold 30,000 new cars, one to each of 30,000 customers, in a certain year. The manufacturer was intere
snow_lady [41]
A) In order to create a sampling plan, you need to follow the following 5 steps:
    1) Define the sample population: who are the customers you want to contact?
       The costumers who bought a new car on a certain year.
    2) Define the size of population: how many customers are you going to contact?
       Of the 30000 customers who bought a car, you want to contact 1000 customers.
    3) Define the contact options: how are you going to contact the customers?
       You have a list of names and addresses, therefore you can send a questionnaire via mail.
    4) Form a sampling frame: what is the time or contact frame to get in touch with your customers? 
       You will send the questionnaires and you will wait two months for the answer.
    5) Define the analysis method: is yours a qualitative or quantitative research?
     In your case, you want a quantitative research and therefore a probabilistic sampling.

B) The 32.5% probability refers to customers having issues with the power doors locks among the costumers who had problems, it does not consider the customers who did not have any problem or those who had problems after the first 5000 miles.

C) In order to find the probability of a power door lock problem if there have been problems within the first 5000 miles, we need to consider the whole sample:
P = 13 / 1000
   = 0.013

Therefore, 
N = <span>0.013 </span>× 30000
   = 390

Hence, the number of new cars sold that experienced a problem with the power door locks within the first 5000 miles will be 390.
         
4 0
3 years ago
What is c- 1/2 + 16=36
sasho [114]

Answer:

20 1/2

Step-by-step explanation:

its 20 and a half because 16+20=36 and you just need to add a half to 20 since your taking it away

4 0
4 years ago
Read 2 more answers
Other questions:
  • Rachel has 5 cups of flour she needs 1/3 cup of flour for one jumbo muffin how many jumbo muffins can she make ​
    15·1 answer
  • What is (5 radical 2) squared?
    10·1 answer
  • A 500 gallon bathtub is being filled with water. Eighty gallons of water are in the bathtub after 4 minutes. How long will it ta
    12·1 answer
  • An expression that uses variables to state a rule is a ______
    13·2 answers
  • Find the scale factor of a cube with volume 729 ft3 to a cube with volume 2197 ft3
    12·2 answers
  • Eeeeeeeeeeeeeeeeeeeeee
    8·1 answer
  • Montella selling roses for four dollars each to raise money for a local charity if you spends 184 to buy the flowers roses Xmas
    5·1 answer
  • NI LINKS OR ELSE YOU'LL BE REPORTED! Please give me the correct answer.Only answer if you're very good at Math.
    15·1 answer
  • Oh no!! not another one again worth 12 points picture is attached below
    12·1 answer
  • Somebody say something to me I am bo....red with nun to do and my teacher is annoying also add me on here
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!