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
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Answer:
F=0.4t
Step-by-step explanation:
Find the slope using the formula rise over run or y2-y2 over x2-x1
y2=72 y1=64 x2=25 x1=5
72-64/25-5=8/20=0.4
Answer:
-3
Step-by-step explanation:
a) second and last one : 32x - 24 and 8*4x - 8*3
b) first and third one : 22y and 7y + 15y
pls mark brainliest!!
