Answer: Mortgage Payments The monthly payment p on a
Chapter , Problem 2.5.22(choose chapter or problem)
Mortgage Payments The monthly payment p on a mortgage varies directly with the amount borrowed B. lf the monthly payment on a IS-year mortgage is $8.99 for every $1000 borrowed, find a linear 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 $1 75,000.
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