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
D 64 if this is right please give me brainlist
Answer:
$90,200
Step-by-step explanation:
Airlines usually try to sell their all seats before they fly the airplane. They do wish to sell maximum available seats in order to maximize their revenue. If the airplane takes off with less occupancy then there is opportunity cost for the airline companies. There are 200 seats available to the current flight and they wishes to sell it completely. If they sell all the 200 seats at the price of $451 per seat then their total revenue will be $90,200.
You want to find the time <em>t</em> such that
Divide both sides by $200 :
Take the logarithm of both sides:
Divide both sides by 0.04 and solve for <em>t</em> :
