1 = 20 (24-4(1)=20)
2 = 16 (24-4(2)=16)
5 = 4 (24-4(5)=4)
6 = 0 (24-4(6)=0)
Answer:
your answer is 1.5 150% or 3/2 there all the same anyway
Step-by-step explanation:
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
The solution to the equation is x = 0, 2
The graph is posted
hope that helps :)
