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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 ________________
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Find the lesser of two consecutive positive even integers whose product is 168. Let x = the lesser even integer and let x + 2 = the greater even integer. Because product is a k
Example : Determine the equation of the line which passes through the point (8, 2) and is, parallel to the line given by 10 y+ 3x = -2 Solution In both of parts we are goi
How t determine locus of a goven point
Eliminate the parameter from the subsequent set of parametric equations. X = t 2 + t Y = 2t - 1 Solution: One of the very easy ways to eliminate the parameter is to
Prisoners Dilemma This is a type of non-zero sum game and derives its name from the given story: The district attorney has two bank robbers in separate cells and offers them
Continuous Random Variable In the probability distribution the sum of all the probabilities was 1. Consider the variable X denoting "Volume poured into a 100cc cup from coff
A=30, B=45, b=4
A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the
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