The tables show that a monthly mortgage payment, R, is a function of the amount financed, A,
Question:
(a) f (90, 20, 8)
(b) f (160, 15, 9)
9% Annual Percent Rate
Monthly Payments (Principal and Interest)
Transcribed Image Text:
8% Annual Percent Rate Monthly Payments (Principal and Interest) 15 Amount 10 20 25 30 Financed Years Years Years Years Years $50,000 $606.64 $477.83 $418.22 $385.91 $366.88 60,000 70,000 80,000 90,000 1091.95 860.09 752.80 694.63 660.39 100,000 1213.28 955.65 836.44 771.82 733.76 120,000 1455.94 1146.78 1003.72 926.18 140,000 1698.58 1337.92 1171.02 1080.54 1027.28 160,000 1941.24 1529.04 1338.30 1234.90 1174.02 180,000 200,000 2426.56 1911.30 1672.88 1543.64 1467.52 727.97 573.39 501.86 463.09 440.26 849.29 668.96 585.51 540.27 513.64 970.62 764.52 669.15 617.45 587.01 880.52 2183.90 1720.18 1505.60 1389.26 1320.78 Amount 10 15 20 25 30 Financed Years Years Years Years Years $50,000 60,000 70,000 80,000 90,000 100,000 120,000 140,000 160,000 2026.82 1622.82 1439.56 1342.72 1287.40 180,000 2280.16 1825.68 1619.50 1510.56 1448.32 200,000 $633.38 $507.13 $449.86 $419.60 $402.31 760.05 608.56 539.84 503.52 482.77 886.73 709.99 629.81 587.44 563.24 1013.41 811.41 719.78 671.36 643.70 1140.08 912.84 809.75 755.28 724.16 1266.76 1014.27 899.73 839.20 804.62 1520.10 1217.12 1079.68 1007.04 965.54 1773.46 1419.96 1259.62 1174.88 1126.48 2533.52 2028.54 1799.46 1678.40 1609.24
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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