The apartment you want to rent is a one bedroom, one bath that has an $800 nonrefundable deposit and rent is $1,400 each month. ANSWER THE FOLLOWING 1. Write a linear equation to determine how much your monthly payment would be for living in an apartment. 2. Determine the total amount you will pay for 1 year. The house you want has three bedrooms and three baths for $190,000 and a 15-year mortgage with no down payment at 5% interest. 7 ANSWER THE FOLLOWING 3. Write an exponential equation to determine how much you would pay for the house in total at the end of your 15 year mortgage. 4. Determine your monthly payment using your answer from #3. 5. What would be the total amount you pay for the first year?
The apartment you want to rent is a one bedroom, one bath that has an $800 nonrefundable deposit and rent is $1,400 each month. ANSWER THE FOLLOWING 1. Write a linear equation to determine how much your monthly payment would be for living in an apartment. 2. Determine the total amount you will pay for 1 year. The house you want has three bedrooms and three baths for $190,000 and a 15-year mortgage with no down payment at 5% interest. 7 ANSWER THE FOLLOWING 3. Write an exponential equation to determine how much you would pay for the house in total at the end of your 15 year mortgage. 4. Determine your monthly payment using your answer from #3. 5. What would be the total amount you pay for the first year?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 106E
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Transcribed Image Text:The apartment you want to rent is a one bedroom, one bath that has an $800 nonrefundable deposit and rent is $1,400 each month.
ANSWER THE
FOLLOWING
1. Write a linear
equation to
determine how
much your monthly
payment would be
for living in an
apartment.
2. Determine the
total amount you
will pay for 1 year.
Transcribed Image Text:The house you want has three bedrooms and three baths for $190,000 and a 15-year mortgage with no down payment at 5% interest.
7
ANSWER THE
FOLLOWING
3. Write an exponential
equation to determine
how much you would
pay for the house in
total at the end of your
15 year mortgage.
4. Determine your
monthly payment using
your answer from #3.
5. What would be the
total amount you pay
for the first year?
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