brandonleekenyon

24.07.2019 • 

Mathematics

Cliff branch 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 3 years he owes the bank $65,000. since interest rates have risen to 12.5%, the bank will renew the mortgage at this rate, or cliff can pay the bank $65,000. he decides to renew and will now pay $10.68 monthly per thousand on his loan. (you can ignore the small amount of principal paid during the 3 years.) i cant figure this out

Ответ:

darkremnant14

29.05.2020

Mathematics

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I'm Unsure, But Here's What I Found.

9.99×65=649.35

10.68×65=694.2

((10.68÷9.99)−1)×100=6.9%

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Ответ:

lilpump3506

14.03.2022

Mathematics

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The per thousand value of $65000 is

The old monthly payment was =  dollars

Now after renewal, Cliff will now pay $10.68 monthly per thousand on his loan.

Hence, his new monthly payment is = dollars

The percent increase in his monthly payment will be :

= = 6.90%

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Ответ:

janeou17xn

19.11.2020

Mathematics

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The cookie monster is sad because there are no cookies and you're sad because you have no friends. you can't divide zero cookies by zero friends as neither of them are there. 

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