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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 ________________
RATIONAL NUMBERS All numbers of the type p/q where p and q are integer and q ≠0, are known as rational. Thus it can be noticed that every integer is a rational number
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round to the nearest ten to estimate , 422+296
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example with solution of quadratic polynomial
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