Find the unpaid balance after 351 months

Assignment Help Mathematics

Reference no: EM13185436

A mortgage at 9% interest compounded monthly with a monthly payment of $1125 has an unpaid balance of $10,000 after 350 months. Find the unpaid balance after 351 months.

Reference no: EM13185436

Questions Cloud

How large of a sample is needed : Estimate the mean fill amount of a certain bottle-filling machine to within 0.05 liter. Assume that the population standard deviation is 0.17 liters. How large of a sample is needed to estimate the mean with 95% confidence?

What is the distance of the end of the trip : a ship travels 54km on a bearing of 13 and then travelson bearing of 156km. what is the distance of the end of the trip form the starting point ?

Whats one benefit of collecting data in a face-to-face : There's quite a bit to be said about face-to-face interviewing for sure. But, there's also some drawbacks and you named two major ones: cost consideration and time spent (not to mention, manpower and location). what's one benefit of collecting da..

Explain what key habits are hindering your thinking : Decide which side you agree with the most. Explain what key habits are hindering your thinking when looking at the opposing view and defending your own. Describe what you can do to overcome those habits that are hindering your thinking.

Find the unpaid balance after 351 months : A mortgage at 9% interest compounded monthly with a monthly payment of $1125 has an unpaid balance of $10,000 after 350 months. Find the unpaid balance after 351 months.

Calculate the marginal tax rate : In solving the problem,when your taxable income lies exactly on the border of the 22% bracket ( so that adding one dollar takes it to the beginning of the net bracket), choose the next bracket i.e. 26% as the marginal rate for your federal tax, t..

Current macroeconomics situation : It seems apparent that the current macroeconomics situation in the US is bit difficult in numerous ways. Situations relating to employment, inflation, monetary and fiscal policies have been detrimental to US citizens who have undergone a trembling..

Dealing with culture setting-discipline problems : Ann is a principal at a catholic elementary school in a very poor area of town. She is dealing with culture setting, discipline problems, and parents who are not paying their tution. a very small student body and most of the children 98% are not cath..

Why economics is divided into the two subdivisions : Your son is graduating from high school and is about to enter the work force. He has developed a strong curiosity about our economic system and how it works. Because you have a good understanding of basic economics, he has asked you to explain..

User Account

All Pages