Seven years ago, douglas purchased a $204,000 home with a 30-year mortgage at 4.5%. having recently lost his job, he can no longer afford to make his mortgage payments. if he currently owes $177,533.62 and his lender offered to extend the loan by 7 years at 4.25%, what will be his new mortgage payment?

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~

70 years.

step-by-step explanation: