SOLUTION: Recent difficult economic times have caused an increase in the foreclosure rate of home mortgages. Statistics from the Penn Bank and Trust Company show their monthly foreclosure ra

Question 1192089: Recent difficult economic times have caused an increase in the foreclosure rate of home mortgages. Statistics from the Penn Bank and Trust Company show their monthly foreclosure rate is now one loan out of every 136 loans. Last month the bank approved 300 loans.

Answer by ikleyn(52915) (Show Source): You can put this solution on YOUR website!
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Recent difficult economic times have caused an increase in the foreclosure rate of home mortgages.
Statistics from the Penn Bank and Trust Company show their monthly foreclosure rate is now one loan
out of every 136 loans. Last month the bank approved 300 loans.
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