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:
x = 2 and y = 1
Step-by-step explanation:
4x = 5+3
4x = 8
x = 8/4
x= 2
so substitute the value of x in the second problem
-8(2) + 6y = -10
-16 + 6y = -10
6y= -10 + 16
6y= 6
y= 6/6
y = 1
The x-axis serves as a horizontal asymptote for all exponential functions. Exponential functions are of the form f(x) = ax . The domain consists of all real numbers. However, the range only consists of all numbers greater than zero. This is because no matter how large x gets, the graph will shoot upwards towards infinity. If x becomes a negative, we know that we will get f(x) = 1/a2 . The larger the negative number, the closer the function approaches zero. So, for exponential functions we will always have that restriction that the range will only include positive numbers. I hope this answers your question. I believe the statement is true.
Answer:
x = -7/4, 3
Step-by-step explanation:
Use quadratic formula
