The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly
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The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payment on a 15-year mortgage is $8.99 for every $1000 borrowed, find a linear equation that relates the monthly payment p to the amount borrowed B for a mortgage with these terms. Then find the monthly payment p when the amount borrowed B is $175,000.
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p kB 899 k 1000 000899 ...View the full answer
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