Answer:
n = -1.825
Step-by-step explanation:
8n + 16.2 = 1.6 (Given)
8n = -14.6 (Subtract 16.2 on both sides)
n = -1.825 (Divide 8 on both sides)
6m + 6m + 15m + 15m = 42m
no 40m will not be enough
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
The question asks which x-value gives the same y-value for both equations, so if you need the ys to be equal, you can set both equations equal to each other, giving you 6x-16=3x-10. Now, solve for x. 6x-16=3x-10, subtract 3x and add 16, 3x=6, divide 3, x=2. Your answer is x=2.
