The Roger's applied for a $70,000 mortgage for 30 years at 9%. Since they had a good credit history, they actually qualified for a 25 year mortgage at 7%. What were the payments on the 9% loan, and the
7% loan? What do they save monthly? What is the total repayment on the 9% loan and the 7% loan, and
what do they save over the life of the loan?

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Step-by-step explanation:

It works nicely to let a calculator or spreadsheet figure the payment and loan values. The graphing calculator work is attached.

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

table 3 represents a direct variation function. : )