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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 ________________
volume
Q. Finding the Area of a Triangle? There are three commonly used methods to find the area of a triangle. The method you use to find the area depends on the information you kno
If x = b y where both b > 0, x > 0, then we define y = log b x, which is read as "y is the log to the base b of x". This means that, log b x or y is the number to
Time Series Models Additive Model Time series value = T +S +C +R Whereas S, C and R are expressed in absolute value Additive Model model is best suited where the
4x-5y+16=0
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A jet flew at an average speed of 480mph from Point X to Point Y. Because of head winds, the jet averaged only 440mph on the return trip, and the return trip took 25 minutes longer
Correlation coefficient - These are numerical measures of the correlations existing between the independent and the dependent variables - These are better measures of corre
All differential equations will doesn't have solutions thus it's useful to identify ahead of time if there is a solution or not. Why waste our time trying to get something that doe
How do you do converting metric units?
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