Answer:
-$104.79
Explanation:
Current Mortgage Payment:
P/Y = 12,
N = 360,
I/Y = 6.5,
PV = $200,000,
Solve
for PMT = $1,264.14
Current Mortgage Balance:
P/Y = 12,
N = 300,
I/Y = 6.5,
PMT = $1,264.14,
Solve
for PV = $187,221.9
New Mortgage Payment:
P/Y = 12,
N = 240,
I/Y = 4.25,
PV = $187,222.54,
Solve
for PMT = $1,159.35
Current Payment - New Payment
= $1,159.35- $1,264.14
= -$104.79
Weight data is your answer
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Expansionary policies increase the money in supply to encourage spending, boost economic growth and counteract inflation.</span>
1.A negotiable instrument can function as a substitute for cash.- TRUE
2. a time draft is payable at a definite future time. TRUE
3. promissory note payable to "bearer" is not negotiable. - FALSE (It is negotiable)
4. A certificate of deposit is a type of note. - TRUE
5. A signature can consist of a word, mark, or symbol. - TRUE
6.An instrument that promises to pay "in gold" can be negotiable.- FALSE ( Anything payable in the form of a commodity like gold cannot be negotiable)