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You plan to take out a 15-year foed-rate mortgage and you want your monthly payments to be $1500. The amount of the loan you can

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You plan to take out a 15-year foed-rate mortgage and you want your monthly payments to be $1500. The amount of the loan you can afford Orpends on you will we hope LAN motoren the role is per year, compounded monthly Interpret the given equations, including units (a) Interpret A[5) - 189,605,62 (b) Would you expect the sign of A'in) to be positive negative or tero? Why (c) What are the units of An2 (d) Interpret A (6)= - 11.15239 (a) Choose the correct answer below. O At the interest rate on the mortgage is 189.805 62%, the amount you can afford to borrow is $6 OB. If the Interest rate on the mortgage is 6%, the amount you can afford to borrow increases by 5180.605 62 OC. the interest rate on the mortgage in 6%, the amount you can afford to borrow is $180.60562 OD. If the interest rate on the mortgage is 6%, the amount you can afford to borrow decreases by 5180.00562

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