Mathematics

Mathematics, 27.06.2019 09:30, JellalFernandes

Aaron jones bought a home with 10% interest for 30 years. he was paying $8.78 monthly per thousand on his first loan. at the end of the mortgage he owes the bank $55,000. interest then went up tp 12.25%, the bank can renew the mortgage at this new rate. jim now pays $10.48 monthly per thousand on this loan. what is the percent of increase in his new monthly payment?

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