Solved: Home Mortgage The total interest paid on a home
Chapter 3, Problem 3.5.52(choose chapter or problem)
Home Mortgage The total interest paid on a home mortgage of dollars at interest rate for years is given by Consider a $120,000 home mortgage at (a) Use a graphing utility to graph the total interest function. (b) Approximate the length of the mortgage when the total interest paid is the same as the size of the mortgage. Is it possible that a person could pay twice as much in interest charges as the size of his or her mortgage?
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