Answer:
Current monthly payment on their existing mortgage would be $1158.66
Step-by-step explanation:
Total cash value = $160,000
Down payment = 10% of 160,000
Down Payment = $16,000
Balance amount = 160,000 - 16,000 = $144,000
Monthly payment formula:
where,
PV is present value of home, PV=$144,000
r is rate per period ,
n is number of period, n=30x12 = 360
Monthly payment would be same for 30 years.
Thus, Current monthly payment on their existing mortgage would be $1158.66
Answer:
Parent function is compressed by a factor of 3/4 and shifted to right by 3 units.
Step-by-step explanation:
We are asked to describe the transformation of function as compared to the graph of
.
We can write our transformed function as:
Now let us compare our transformed function with parent function.
Let us see rules of transformation.
,
,
Scaling of a function:
If a>1 , so function is stretched vertically.
If 0<a<1 , so function is compressed vertically.
As our parent function is multiplied by a scale factor of 3/4 and 3/4 is less than 1, so our parent function is compressed vertically by a factor of 3/4.
As 3 is being subtracted from x, so our parent function is shifted to right by 3 units or a horizontal shift to right by 3 units.
Therefore, our parent graph is compressed by a factor of 3/4 and shifted to right by 3 units to get our new graph.