Pamela has a 30-year, 5.75% mortgage on her $250,000 home. she has been paying on it for 5 years, and has recently hit some financial trouble. if her lender agreed to lower the interest rate on her $231,905.47 balance to 5.5%, what will her new payment be for the remainder of the loan?

$1424.10

Step-by-step explanation:

APEX is obnoxious, I understand.

1424.10

Step-by-step explanation:

to find the unit price of an object, you divide the price by object. you are trying to find out how much an object cost per unit.

for instance, lets say you have 50lb of ice cream(object) that cost 8.00 dollars(price). to find the unit cost, we take the 8.00 and divide it by 50, which will give us .16 cents per pound. we can check this by multiplying .16 by 50 = 8.00

so

object = e2

price = d2

unit price = c2

formula for c2:

=d2 / e2

so in my example about ice cream, we would have the following.

e2 = 50

d2 = 8.00

c2 formula:

=d2 / e2