Mathematics, 20.07.2021 01:20 neharikakalasapkkam

Bailey wants to buy a house, paying approximately $1000 per month. The bank estimates a 4.5% annual interest rate for 15 years. Which formula approximates the total value of a house Bailey can afford? A. P = 1000[1 - (1 + 0.045/12)^-180/0.045/12.
B. P = 1000(0.045/12)/1 - 1(1 + 0.045/12)^-180.
C. 1000 = d[1 -(1 + 0.045/12)/0.045/12]^-180.
D. 1000 = d(0.045/12)/1 -(1 + 0.045/12)^180.

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