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The amount of money (in basons of dollass) lent to customers with credit scores below 620 fot subprime mortgages can be approximated by the tunction
The amount of money (in basons of dollass) lent to customers with credit scores below 620 fot subprime mortgages can be approximated by the tunction g(x) = 2408 e 029x, where x=1 corresponds to the year 2001 (a) Find the value of subprime mortgage lending in 2011 for the described customet base (b) If the trend continues, what is the first full yeat in which subpeime lending falls below $2 billion? (a) Which of the following detcribes how to find the value of wubgitire mortgage lending in 2011 using the given information? Select the coerect cholce below and fil in the answes box to complete your cheice (Type an hitege of at decimat) A. Ta lind the value of sabgrime maigage lending in 2011 , suhstitute for x and evaluate to find g(x). The value of sutporine mortgage lending in 2011 is represented by the y coordinate
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