Unformatted text preview: y =4 x 2 + 12 x12 (C) Does the line y = x1 intersect y =4 x 2 + 12 x12? 4. The island in the British Virgin Island costs $25,000,000 for which you make a $3,000,000 down payment, and you mortgage the remaining amount. Your favorite bank oﬀers you 6.6% interest compounded bimonthly for 12 years. (A) What is bimonthly payment? (B) How much interest the bank making? (C) What is your remaining balance after 10 years? (D) If you decided to pay oﬀ the remaining balance after 10 years, how much are you saving? (E) If you oﬀ the remaining balance after 8 years, how much are you saving over paying oﬀ the remaining balance after 10 years (as in (D))? 1...
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This note was uploaded on 03/12/2010 for the course MATH 208 taught by Professor Sen during the Fall '09 term at Concordia Canada.
 Fall '09
 SEN
 Math

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