A couple seeking to buy a home decides that a monthly payment of $800 fits their budget.
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A couple seeking to buy a home decides that a monthly payment of $800 fits their budget. The amount they can borrow, A, is a function of the time t, in years, it will take to repay the debt. If we denote this function by A = f (t), then the following table defines the function.
(a) Find f(20) and write a sentence that explains its meaning.
(b) Does f (5 + 5) = f(5) + f(5)? Explain.
(c) If the couple is looking at a house that requires them to finance $89,000, how long must they make payments? Write this correspondence in the form A = f (t).
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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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