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You plan to take out a 30-year xed rate mortgage for $225,000. Let P(r) be your monthly payment if the interest rate is r% per

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You plan to take out a 30-year xed rate mortgage for $225,000. Let P(r) be your monthly payment if the interest rate is r% per year, compounded monthly. Interpret the equations (a) P(2) = 831.64 and (b) P'(2) = 112.52

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