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3 years ago

Seven years ago, Douglas purchased a $204,000 home with a 30-year

Mathematics

2 answers:

Stella [2.4K]3 years ago

8 0

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

katovenus [111]3 years ago

4 0

$873.36 APPPPEEEEEXXXX approved!

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3 years ago

Which best describes the resulting three-dimensional figure? a cone with a base radius of 26 cm a cone with a base radius of 14

hammer [34]

The best description of the resulting three-dimensional figure when the considered figure is revolved is: A cylinder with height 24 cm.

<h3>What is solid of revolution?</h3>

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2 years ago

The cost to rent a surfboard at the beach is $10.25 an hour plus an insurance fee of $25. Keith spent $55.75 when renting a surf

goblinko [34]

Answer: Keith spent 3 hours renting the surfboard.

Step-by-step explanation:

h=hour

10.25h+25=55.75

55.75-25= 30.75

30.75/10.25= 3

and if you want to check you can do

10.25(3)+25=

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2 years ago

5 more than the quotient of a number and 8 is 42

Zepler [3.9K]

Answer:

<u>The number is 296.</u>

Step-by-step explanation:

Let's call "x" to the number we are looking for.

Now, the problem states that "5 more than the quotient of a number and 8 is 42". This means that this number is being divided by 8, it's also being additioned 5 and the final result is 42. Therefore, the expression of this operations on this number is the following:

$\frac{x}{8}+5=42$ . Let's solve the equation to find x.

1. Write the expression.

$\frac{x}{8}+5=42$

2. Substract 5 from both sides and simplify.

$\frac{x}{8}+5-5=42-5\\\\\frac{x}{8}=37\\\\$

3. Multiply 8 on both sides and simplify.

$8*\frac{x}{8}=37*8\\\\x=296$

<u>We have found our number, it's 296!</u>

3 0

2 years ago

Read 2 more answers