John anderson 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 5 years he owes the bank $65,000. now that interest rates have gone up to 12.5%, the bank will renew the mortgage at this rate or john can pay $65,000. john decides to renew and will now pay $10.68 monthly per thousand on his loan. you can ignore the small amount of principal that has been paid.

The answer is 6.91%

Step-by-step explanation:

John paid $9.99 monthly per thousand on his original loan, so number of thousands  are=

Monthly payment at 9.99% interest was:

Now, new monthly payment  at 10.68% is :

The percent increase  or rate is =

= (1.06906-1)*100

= 6.906 ≈ 6.91%

So, the answer is 6.91%

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.

7.9m and 4.3°

step-by-step explanation:

let east be +x and north be +y, x = distance * cos θ, y = distance * sin θ  

for 3.5 south, y = -3.5  

for 8.2, x = 8.2 * cos 30 and y = 8.2 * sin 30  

for 15 west, x = -15  

total x = 8.2 * cos 30 – 15 ≈ -7.9  

total y = -3.5 + 8.2 * sin 30 = 0.6  

magnitude = [(8.2 * cos 30 – 15)^2 + 0.6^2)]^0.5  

the magnitude is approximately 7.9 m  

tan θ = y/x = 0.6/-7.9  

the angle is approximately 4.3˚ north of west