subject
Mathematics, 15.11.2019 18:31 makaylaf16571

John anderson bought a home with a 10.5% adjustable rate mortgage for 30 years. he paid $9.99 monthly per thousand on his original loan. at the end of 5 years he owes the bank $60,000. now that interest rates have gone up to 12.25%, the bank will renew the mortgage at this rate or john can pay $60,000. john decides to renew and will now pay $10.48 monthly per thousand on his loan. you can ignore the small amount of principal that has been paid. what is the amount of the old monthly payment? $ what is the amount of the new monthly payment? $ what is the percent of increase in his new monthly payment?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
The head librarian at the library of congress has asked her assistant for an interval estimate of the mean number of books checked out each day. the assistant provides the following interval estimate: from 740 to 920 books per day. what is an efficient, unbiased point estimate of the number of books checked out each day at the library of congress?
Answers: 3
question
Mathematics, 21.06.2019 18:00
Someone answer this asap rn for ! a discount store’s prices are 25% lower than department store prices. the function c(x) = 0.75x can be used to determine the cost c, in dollars, of an item, where x is the department store price, in dollars. if the item has not sold in one month, the discount store takes an additional 20% off the discounted price and an additional $5 off the total purchase. the function d(y) = 0.80y - 5 can be used to find d, the cost, in dollars, of an item that has not been sold for a month, where y is the discount store price, in dollars. create a function d(c(x)) that represents the final price of an item when a costumer buys an item that has been in the discount store for a month. d(c(x)) =
Answers: 2
question
Mathematics, 21.06.2019 18:30
Apsychology student wishes to investigate differences in political opinions between business majors and political science majors at her college. she randomly selects 100 students from the 260 business majors and 100 students from the 180 political science majors. does this sampling plan result in a simple random sample? why or why not? no, because each group of 200 students in the sample does not have the same chance of being selected. yes, because each group of 200 students in the sample has the same chance of being selected. no, because each individual student does not have an equal chance of being selected. yes, because each individual student has the same chance of being selected.
Answers: 1
question
Mathematics, 21.06.2019 19:50
Given that abcd is a rhombus, what is the value of x?
Answers: 3
You know the right answer?
John anderson bought a home with a 10.5% adjustable rate mortgage for 30 years. he paid $9.99 monthl...
Questions
question
Chemistry, 14.01.2020 21:31
Questions on the website: 13722362