document.write( "Question 1208002: The monthly payment pon 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 the same terms. Then find the monthly payment p when the amount borrowed B is $175,000. \r
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Algebra.Com's Answer #846107 by ikleyn(52778)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "The monthly payment \n" ); document.write( "If the monthly payment on a 15-year mortgage is $8.99 for every $1000 borrowed, find a linear equation \n" ); document.write( "that relates the monthly payment p to the amount borrowed B for a mortgage with the same terms. \n" ); document.write( "Then find the monthly payment p when the amount borrowed B is $175,000. \n" ); document.write( "~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The last statement in the post by @mananth \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \" The monthly payment p for the amount borrowed ($175,000) is $1753.25 \"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "is incorrect.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The correct statement is\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \" The monthly payment p for the amount borrowed ($175,000) is $1573.25 \".\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |