The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly

Question:

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 these terms. Then find the monthly payment p when the amount borrowed B is $165,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

Question Posted: