Math

AlgebraQ&A LibraryClark and Lana take a 30-year home mortgage of $126,000 at 7.7%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1500 per month. (a) Find their regular monthly payment. (Round your answer to the nearest cent.) $ (b) Find the unpaid balance when they begin paying the $1500. (Round your answer to the nearest cent.) $ (c) How many payments of $1500 will it take to pay off the loan? Give the answer correct to two decimal places. monthly payments (d) Use your answer to part (c) to find how much interest they save by paying the loan this way. (Round your answer to the nearest cent.) $Question

Clark and Lana take a 30-year home mortgage of $126,000 at 7.7%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1500 per month.

(a) Find their regular monthly payment. (Round your answer to the nearest cent.)

$

(b) Find the unpaid balance when they begin paying the $1500. (Round your answer to the nearest cent.)

$

(c) How many payments of $1500 will it take to pay off the loan? Give the answer correct to two decimal places.

monthly payments

(d) Use your answer to part (c) to find how much interest they save by paying the loan this way. (Round your answer to the nearest cent.)

$

$

(b) Find the unpaid balance when they begin paying the $1500. (Round your answer to the nearest cent.)

$

(c) How many payments of $1500 will it take to pay off the loan? Give the answer correct to two decimal places.

monthly payments

(d) Use your answer to part (c) to find how much interest they save by paying the loan this way. (Round your answer to the nearest cent.)

$

Find answers to questions asked by students like you.

Q: use descarts' rule of sign to detemine how many positive, how many negative real zeros and how many ...

A: Given polynomial

Q: Calculate the average rate of change of the given function over the interval l7, 13]. f(x) = 6x²

A: Click to see the answer

Q: what 2 numbers add to get -15 and x to get 36

A: Click to see the answer

Q: find an equation of a line with the x- and y-intercepts. x-intercept -4; y-intercept 1

A: Given Use the properties of intercepts

Q: The drug label indicates that the recommended dosage for adults and children over 6 years of age is ...

A: Click to see the answer

Q: Function )= 0<xS49 f(9) Find

A: f(x) is the function which divided into two parts such that x<0 is x2 and x> 0 is root of x.

Q: Find the solution to the system of equations. 9y + 2x = 1 9x +y = 44 O (1, –1) O (1, 2) O (5, 0) O (...

A: Given equations are Subtracting 5 times second equation from first equation

Q: How to solve step by step: (5+sqrt(2))^2

A: Click to see the answer

Q: Algebra Question

A: Decay of amount of carbon 14 is given by y(t) = yo e-0.0001216 t where yo is the amount of carbon 14...