A monthly payment of X is calculated on a 30 year, 100,000 mortgage at a nominal rate of interest of 9%, convertible monthly. If a payment of one-half of X is made every two weeks, how many years will it take to pay off the mortgage, assuming a year consists of exactly 52 weeks

the number of years taken to pay off the mortgage is 22 years

Explanation:

The computation of the number of years taken to pay off the mortgage is as follows;

= NPER (((1 + 9% ÷ 12)^(12 ÷ 26) - 1),0.5 × PMT(9% ÷ 12,12 × 30 ,100,000),100,000)

= 567.398762 biweeks or 21.82302931 years

= 22 years

hence, the number of years taken to pay off the mortgage is 22 years

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer/// there is an inverse relationship between price and quantity demanded;