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 6 1/2,but I could be wrong so take that with a grain of salt
Answer:
A
Step-by-step explanation:
if these are fractions than its A.
2x-4=2
4x-5=5/4
Answer:
YES MA'AM
Step-by-step explanation:
Answer: 1682
(45 x 36) + 62
1620 + 62 = 1682
