Fred myers bought a home with a 13% adjustable rate mortgage for 20 years. he paid $11.72 monthly per thousand on his original loan. at the end of 2 years he owes the bank $60,000. since interest rates have decreased to 10%, the bank will renew the mortgage at this rate, or fred can pay the bank $60,000. he decides to renew and will now pay $9.66 monthly per thousand on his loan. (you can ignore the small amount of principal paid during the 2 years.)

what was the old monthly payment?

what is the new monthly payment?

what is the percent decrease in his monthly payment (to the nearest tenth)?

Per thousand value = 60000/1000 = 60

What was the old monthly payment?

= $703.20

What is the new monthly payment?  

= $579.60

What is the percent decrease in his monthly payment (to the nearest tenth)?

= -17.57%

just do 5.2 + 2 ( 7.2) and 1/3 x 3 (.9) and youv'e got your equation. 0.9( 9/10) + 7.2 ^2 = 16.4 hope i could !

step-by-step explanation:

step-by-step explanation:

ok one would be money, and the other would be refreshments or something similar. if each bag of popcorn is 5.00 and each drink is half of that that means drinks are 2.50 the proper way to do that would to look and see how much of each you can buy without exceeding a limit of 30.00