5. Peter wants to buy a duplex with a purchase price of $227,000. Peter can afford a 15% down payment. Peter earns $2,500 a month and wants to spend no more than 10% of his income on
his mortgage payment. Peter is going to rent out the other half of the duplex. He thinks that if he
charges $900 a month in rent this will cover the remainder of his mortgage payment. Given that
Peter has a 30 year mortgage with a fixed rate of 6.5%, how should Peter adjust how much he
charges for rent of the other half of the duplex?
P= 227000 - 0.15(227000)
P
(1-(1+5)(-+-))
= 1219.57525133
X
p=227000 - 0.15(227000
P = 192950
0.065
-10
10
1219.58 - 250 = 969.56
969.56 - 900 = = 70 increase

We’re no strangers to love,

You know the rules and so do I.

A full commitment’s what I’m thinking of,

You wouldnt get this from any other guy.

I just wanna tell you how I’m feeling,

Gotta make you understand…

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

We’ve known each other for so long

Your heart’s been aching

But you’re too shy to say it.

Inside we both know what’s been going on,

We know the game and we’re gonna play it.

Ad if you ask me how I’m feeling,

Don’t tell me you’re too blind to see…

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Give you up. give you up.

Give you up, give you up.

Never gonna give

Never gonna give, give you up.

Never gonna give

Never gonna give, give you up.

We’ve known each other for so long

Your heart’s been aching

But you’re too shy to say it.

Inside we both know what’s been going on,

We know the game and we’re gonna play it.

I just wanna tell you how I’m feeling,

Gotta make you understand…

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Step-by-step explanation:

answer: the first graph

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.