A person purchased a $239,127 home 10 years ago by paying 15% down and signing a 30-year mortgage at 10.8% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20-year mortgage at 6 % compounded monthly. How much interest will refinancing save?

$135,629.37

Step-by-step explanation:

For computing the interest amount first we need to find out the monthly payment, present value, monthly payment and finally the interest amount which is shown below with the help of an attached spreadsheet

The value of the loan could come by

= $239,127 - $239,127 × 15%

= $203,257.95

The amount of interest saved is

= ($1,905 × 20 × 12) - ($1,399.18 × 20 × 12)

= $135,629.37

answer: the price of one pound cabbage = $ 0.8

the point (10,8) represents that the cost of 10 pounds cabbage is $ 8

step-by-step explanation:

since, here is a proportional relation between the number of pounds of cabbage (x) and the price in dollars (y).

therefore, we can write,

⇒ y = k x

where k is the constant of proportionality.

now, point (5,4) is in the line.

thus, it will satisfies the above equation of line.

⇒ 4 = 5 k

⇒ k = 0.8

thus, the equation of the line is,

y = 0.8 x

a) for x = 1,

y = 0.8

therefore, the cost of one pound of cabbage is 0.8 dollars.

b) in the below graph (10,8) represents that the cost of 10 pounds of cabbage is 8 dollars.

the answer is two. hope this !