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You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.) The original loan of $400,000 carries an interest rate is 6% has an original maturity of 15 years and requires monthly payments (end of month). There are 80 months remaining to repay the loan. The new mortgage has a lower rate of 4% and will still have 80 months left to maturity. First estimate the monthly savings if you switch to the new lower interest rate and then the difference between the new and old monthly payments.
ANSWER: Difference in payments ________________
How to Make Equations of Conics Easier to Read ? If you want to graph a conic sections, first you need to make the equation easy to read. For example, say you have the equatio
Find the area of shaded region of circle of radius =7cm, if ∠AOB=70 o , ∠COD=50 o and ∠EOF=60 o . (Ans:77cm 2 ) Ans: Ar( Sector AOB + Sector COD + Sector OEF) = 7
Estimating the Value of a Series One more application of series is not actually an application of infinite series. It's much more an application of partial sums. Actually, we
A toy company produces 2 models of water guns: spray king and zapper. They are manufactured in batches for easier packaging and sale. Two of the limiting resources are 1200 pounds
Please help
Christie purchased a scarf marked $15.50 and gloves marked $5.50. Both items were on sale for 20% off the marked price. Christie paid 5% sales tax on her purchase. How much did she
distance between pair of straight lines
why
COMMUNICATING THE MEANING OF ADDITION : One of the characters in a novel written by the Malayalam writer Vaikom Muhammed Basheer was asked by his teacher, "How much is one and on
a washing machine costs $640 plus an installation charge of 7.5% what is the totalcost?
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