Mathematics, 11.01.2021 03:10 IkweWolf4431

Achaab Nuremberg bought a home with a adjustable rate mortgage for 30 years. He paid monthly per thousand on his original loan. At the end of 5 years he owes the bank . Now that interest rates have gone up to , the bank will renew the mortgage at this rate or Achaab can pay . Achaab decides to renew and will now pay monthly per thousand on his loan. What is the amount of the old and the new monthly payment? What is the percent of increase in his new monthly payment? You can ignore the small amount of principal that has been paid. old monthly payment = $ new monthly payment = $ % increase

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Achaab Nuremberg bought a home with a adjustable rate mortgage for 30 years. He paid monthly per tho...