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Posted on Aug 10, 2024

Your parents are considering a 3 0 - year, $ 5 4 0 , 0 0 0 mortgage that charges 0 . 6 % monthly

Your parents are considering a

30 -

year, $

540, 000

mortgage that charges

0.6 %

monthly interest.

Formulate a monthly payment p model that allows the mortgage to be paid off after

360

payments.

.

Initial Condition

.

Difference Equation

.

Final Condition

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