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
I think it’s D. 156 degrees
Answer:
Since i dont have a graph il just tell you this way. on the x axis, go right 2 times, then go down 3 times and that will be your answer.
Step-by-step explanation:
Substitute with y = 4 and z = -2
= 4^2*(-2)/4 + 10
= 16*(-2)/4 + 10
= -32/4 + 10
= -8 + 10
= 2
Hope This Helped! Good Luck!
Okay so the answer would be