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Mortgage Payments The monthly payment p on a mortgage varies directly with the amount

College Algebra | 9th Edition | ISBN: 9780321716811 | Authors: Michael Sullivan ISBN: 9780321716811 485

Solution for problem 52 Chapter 2

College Algebra | 9th Edition

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College Algebra | 9th Edition | ISBN: 9780321716811 | Authors: Michael Sullivan

College Algebra | 9th Edition

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Problem 52

Mortgage Payments The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payment on a 30-year mortgage is $854.00 when $130,000 is borrowed, find an equation that relates the monthly payment p to the amount borrowed B for a mortgage with the same terms. Then find the monthly payment p when the amount borrowed B is $165,000.

Step-by-Step Solution:
Step 1 of 3

Calculus I Review (09/01) A. Differentiation dy ● f a function → f’ (or dx ), the derivative, is a new function that represents the rate of change of f with respect to x. It’s also...

Step 2 of 3

Chapter 2, Problem 52 is Solved
Step 3 of 3

Textbook: College Algebra
Edition: 9
Author: Michael Sullivan
ISBN: 9780321716811

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Mortgage Payments The monthly payment p on a mortgage varies directly with the amount

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