A couple seeking to buy a home decides that a monthly payment of $800 fits their budget. Their bank's interest rate is 7.5%. The amount they can borrow A is a function of the time t in years that it will take to repay the debt. If we denote this function by
, then the following table defines the function.
?
t
A
t
A
5
40,000
20
103,000
10
69,000
25
113,000
15
89,000
30
120,000
Source: Comprehensive Mortgage Payment Tables,Publication No. 492, Financial Publishing Co., Boston Choose the expression in the form which describes how long they will have to make payments if they need to borrow $69,000.
?
A.
B.
C. ?
D.
E. ?
Answer: E
You might also like to view...
Determine whether or not the triangles are similar.
A. Similar B. Not similar
Find the mean. Round to the nearest tenth.Value Frequency 12 1 19 4 25 7 30 3 33 3 38 3
A. 25.3 B. 7.5 C. 29.8 D. 27.0
Write < or > between the pair of numbers to make the statement true.-7 ? 0
A. < B. >
Solve.A number is doubled and then decreased by 12. The result is 56. What is the original number?
A. 34 B. -22 C. 136 D. 22