Question: Answer each question using the graphs provided. Sharon compared the monthly payments she would incur for two types of mortgages: fixed rate and variable rate.

Answer each question using the graphs provided.The Fortunes of Frozen Yogurt Supply Number of Half-Gallons 600 500 400


300 200 100 0 Demand 1 2 3 4 5 6 7


Sharon compared the monthly payments she would incur for two types of mortgages: fixed rate and variable rate. Her observations led to the following graphs.(a) For which years would the monthly payment be more for the fixed-rate mortgage than for the variable-rate mortgage?(b) In what year would the payments be the same? What would those payments be?(c) In year 10, what are the fixed-rate and variable-rate monthly payments?

The Fortunes of Frozen Yogurt Supply Number of Half-Gallons 600 500 400 300 200 100 0 Demand 1 2 3 4 5 6 7 8 9 10 11 Price per Half-Gallon

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