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You plan to take out a 30-year fixed rate mortgage for $200,000. Let P(r) be your monthly payment if the interest rate is r% per

You plan to take out a 30-year fixed rate mortgage for $200,000. Let P(r) be your monthly payment if the interest rate is r% per year, compounded monthly. Interpret the equations. (a) Interpret P(5) = 1073.64 and (b) P'(5) = 122.23

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