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
Answer:
Length = 4 * 8 = 32
Area = width * length = 8 * 32 = 256 square inches
Step-by-step explanation:
SA= 108 m^2 aND the formula for surface area is SA=2bs+b^2
49*4=196+1=197/4
<span>8*3=24+3=27/8 </span>
<span>then make the denominator the same</span>
<span>multiply 197*2 and 4*2 = 394/8 </span>
<span>then 394/8 +27/8 =421/8 </span>
<span>u can either leave it here or in decimal form which would be 52.625 or in mixed numbers-52 5/8</span>
