Mathematics, 07.12.2019 07:31 hidagiser
If the interest rate for a 15-year fixed rate mortgage is 5.00%, then the corresponding 30-year fixed rate is 6.39%. if the 15-year rate decreases to 4.00%, then the 30-year rate decreases to 4.99%.
a. assume that the relationship between the 15-year fixed rate (%) and the 30-year fixed rate (%) is linear. find the equation of the line that describes this relationship. write your answer in slope-intercept form. let x be the 15-year fixed rate and the y be the 30-year fixed rate.
b. use your equation from part a to estimate the 30-year fixed rate if the 15-year fixed rate is 4.5%.
Answers: 3
Mathematics, 21.06.2019 21:30
Due to a packaging error, 4 cans labeled diet soda were accidentally filled with regular soda and placed in a 12 pack carton of diet soda. two cans were randomly selected from this 12 pack. what is the probability that both cans were regular soda?
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