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nekit [7.7K]
4 years ago
15

Sandra Williams bought a home with a 10.25% adjustable rate mortgage for 25 years. She paid $9.27 monthly per thousand on her or

iginal loan. At the end of 3 years she owes the bank $50,000. Since then interest rates have increased to 12.75%. The bank will renew the mortgage at this rate, or Sandra can pay the bank $50,000. She decides to renew and will now pay $11.10 monthly per thousand on her loan. You can ignore the small amount of principal paid during the 3 years. What was the old monthly payment? $ a0 What is the new monthly payment? $ a1 What is the percent increase in her monthly payment (to the nearest tenth)? a2 %
Mathematics
2 answers:
Vilka [71]4 years ago
8 0

Answer:

$13.35

Step-by-step explanation:

olya-2409 [2.1K]4 years ago
8 0
13.35 just trust me idk what i am taking about just know I don’t know what i am taking about
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