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:
Step-by-step explanation:
4). Given sequence → 3, 5, 7, 9, 11........
Common difference of an arithmetic sequence is defined by,
Common difference = Successive term - previous term
= 2nd term - 1st term
= 5 - 3
= 2
5). Given sequence → 16, 19, 22, 25........
Common difference of an arithmetic sequence = Second term - first term
= 19 - 16
= 3
The answer I got was 12 if needed I can take a picture of how I worked it
Answer:
72.83
Step-by-step explanation:
61²+x²=95²
3721+x²=9025
x²=<u> </u><u>530</u><u>4</u>
<u>x</u><u>=</u><u> </u><u>72.83</u>
