Answer:
Her new monthly payment is now $1,378.91¢
Step-by-step explanation:
For us to calculate the new monthly mortgage payment that Anna will start paying from now on, we need to input the formula for calculating monthly mortgage payments.
The formula is:-
![M = P [\frac{r(1+r)^{n} }{(1+r)^{n}-1}]](https://tex.z-dn.net/?f=M%20%3D%20P%20%5B%5Cfrac%7Br%281%2Br%29%5E%7Bn%7D%20%7D%7B%281%2Br%29%5E%7Bn%7D-1%7D%5D)
Where M is the monthly mortgage payment.
P is the principal
r is the monthly interest rate calculated by dividing your annual interest rate by 12
n is the number of payments(the number of months you will be paying the loan).
In this case, the new principal that Anna must pay back is $231,905.47¢. The annual interest rate has been reduced to 5.17% from 5.75% so the new monthly interest rate will be obtained by dividing the new annual interest rate by 12
= 5.17%/2
= 0.431%
This is the new monthly interest rate.
Since she has been paying her mortgage loan diligently for 5 complete years. It means she now has just 25 years to complete the payment. If 12 months make up one year, then there are - 12 × 25 = 300 more months to go.
300 is therefore "n" that is required for the calculation.
All the terms needed for the calculation of her new monthly mortgage is now complete.
P = $231,905.47¢
r = 0.431%
n = 300
![M = 231,905.47[\frac{0.00431(1+0.00431)^{300} }{(1+0.00431)^{300} -1}]](https://tex.z-dn.net/?f=M%20%3D%20231%2C905.47%5B%5Cfrac%7B0.00431%281%2B0.00431%29%5E%7B300%7D%20%7D%7B%281%2B0.00431%29%5E%7B300%7D%20-1%7D%5D)
![= 231,905.47[\frac{0.00431(3.634)}{2.634}]](https://tex.z-dn.net/?f=%3D%20231%2C905.47%5B%5Cfrac%7B0.00431%283.634%29%7D%7B2.634%7D%5D)
= 231,905.47 × 0.005946
M = $1,378.91¢
Therefore her new monthly mortgage payment will become $1,378.91¢
Check the picture below. You can pretty much just count the units off the grid.
The common ratio of the given geometric sequence is the number that is multiplied to the first term in order to get the second term. Consequently, this is also the number multiplied to the second term to get the third term. This cycle goes on and on until a certain term is acquired. In this item, the common ratio r is,
r = t⁵/t⁸ = t²/t⁵
The answer, r = t⁻³.
The next three terms are,
n₄ = (t²)(t⁻³) = t⁻¹
n₅ = (t⁻¹)(t⁻³) = t⁻⁴
n₆ = (t⁻⁴)(t⁻³) = t⁻⁷
The answers for the next three terms are as reflected above as n₄, n₅, and n₆, respectively.
Answer : 11^9
Explanation: when you’re dividing powers, you substract them, so in this case it is 6-2 and you’ll get 11^4. Then you need to multiply, when you’re multiplying you are adding powers. In this case you add 4 and 5 and get 11^9
Answer:
In your console (ctrl + shift + j), the letter a would appear. Beneath that, the letter c would appear.
Step-by-step explanation:
This is because the val2 is not less than or equal to 3. The second condition that's inside the first condition is true but since the first condition is false, the second condition would not run.