Question 1208002
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The monthly payment {{{highlight(cross(pon))}}} <U>p</U> <U>on</U> 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. 
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The last statement in the post by @mananth 


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;" The monthly payment p for the amount borrowed ($175,000) is $1753.25 "


is incorrect.



The correct statement is


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;" The monthly payment p for the amount borrowed ($175,000) is $1573.25 ".