Adam Smith 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 4 years he owes the bank $75,000. Now that interest rates have gone down to 10%, the bank will renew the mortgage at this rate or Adam can pay $75,000. Adam decides to renew and will pay $9.66 monthly per thousand on this loan. You can ignore the small amount of principal that has been paid.

Isuck at math ; ^; m a student solved this problem and said the answer is 3 feet. chase had a roll of ribbon that contained 7 7/8  feet of ribbon. he cut off one piece that was 3 5/8  feet long and another piece that was 1 1/4  feet from the roll. how much ribbon was left on the roll? is the student's answer reasonable? yes, the answer is reasonable. no, the answer is not reasonable. it should be about 2 feet. no, the answer is not reasonable. it should be about 13 feet. no, the answer is not reasonable. it should be about 4 feet.