Mathematics, 23.03.2020 19:34 potatochin21
Barry wants to buy a house. He is thinking a 15 year mortgage. The bank advertises an interest rate of 5% and Barry can afford a monthly payment of $1200. Using the formula P=1200[1−(1+0.0512)−12⋅15]0.0512, approximate the value of a house Barry can afford.
Do not round until the very end.
Round to the nearest dollar.
Answers: 2
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Barry wants to buy a house. He is thinking a 15 year mortgage. The bank advertises an interest rate...
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