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
<span> −3⋅(6.48)=(−3⋅6)+(−3⋅0.4)+(−3⋅0.08) </span>correctly applies the distributive property
Answer:
Part A: m+1.37=7.9
Part B: 6.53 miles are left to be repaired.
Step-by-step explanation:
Given,
Length of repaired part = 1.37 miles
Total length to be repaired = 7.9 miles
Miles left to be repaired = m
Part A:
Create an equation to show the relationship between the number of miles repaired and the number of miles left to be repaired, m.
Miles left to be repaired + Length of repaired part = Total length to be repaired
m+1.37=7.9
Part B
How many miles are left to be repaired?
Subtracting 1.37 from both sides
6.53 miles are left to be repaired.
Keywords: length, subtraction
Step-by-step explanation:
You’re answer is y=-1/1.5x+2.5
Explanation
2.5 is you’re y intersect and you go over one < and up 1.5