The average 30-year fixed mortgage rate in the United States in the first week of May...
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The average 30-year fixed mortgage rate in the United States in the first week of May in 2010 through 2012 is approximated by 55.9 M(t) = ²0.31t+ 11.2 percent/year. Here t is measured in years, with t = 0 corresponding to the first week of May in 2010.+ (Round your answers to one decimal place.) (a) What was the average 30-year fixed mortgage rate in the first week of May in 2013 (t = 3)? % (b) How fast was the 30-year fixed mortgage rate changing in the first week of May in 2013 (t = 3)? %/year The average 30-year fixed mortgage rate in the United States in the first week of May in 2010 through 2012 is approximated by 55.9 M(t) = ²0.31t+ 11.2 percent/year. Here t is measured in years, with t = 0 corresponding to the first week of May in 2010.+ (Round your answers to one decimal place.) (a) What was the average 30-year fixed mortgage rate in the first week of May in 2013 (t = 3)? % (b) How fast was the 30-year fixed mortgage rate changing in the first week of May in 2013 (t = 3)? %/year
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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