John anderson bought a home with a 10.5% adjustable rate mortgage for 30 years. he paid $9.99 monthly per thousand on his original loan. at the end of 5 years he owes the bank $60,000. now that interest rates have gone up to 12.25%, the bank will renew the mortgage at this rate or john can pay $60,000. john decides to renew and will now pay $10.48 monthly per thousand on his loan. you can ignore the small amount of principal that has been paid. what is the amount of the old monthly payment? $ what is the amount of the new monthly payment? $ what is the percent of increase in his new monthly payment?

Percent increase is 4.90%.

Step-by-step explanation:

John paid $9.99 monthly per thousand on his original loan, so number of thousands are = = 60

Monthly payment at $9.99 was:

dollars

Now, new monthly payment  at 10.48 is :

dollars

Percent increase is given as:

=

= 4.90%

3. (5x + 1) - (-10x + 6)

simplify the answer choice. combine like terms. remember to distribute the negative to the terms inside the second parenthesis. also remember that two negatives = one positive, and one of each sign = negative.

- (-10x + 6) = + 10x - 6

simplify. combine like terms:

5x + 1 + 10x - 6

5x + 10x + 1 - 6

15x - 5

∴ it is your answer

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is there a question here?

step-by-step explanation: