A mortgage balance of $30,000 s to be repaid over a 10 year term by equal monthly payments at 6 1% compounded semi-annually Al the request of the morlgagor, the monthly payments were set at $425. (a) How many payments will the mortgagor have to make? (b) What is the size of the last payment? (c) Determine the difference between the total amount required to amortize the mortgage with the contractual monthly payments rounded to the nearest cent and the total actual amount paid (a) The mortgagor will have to make payments (Round up to the nearest whole number) (b) The size of the last payment will be $ (Round the final answer to the nearest cent as needed Round all intermediate vaues to six decmal places as needed.) (c) The difference is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as neoded.)

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.