Mathematics, 17.12.2020 16:50 biancasamadp3usfw

The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payment on a 30-year mortgage is $ 6.94 for every $1000 borrowed, find a linear equation that relates the monthly payment p to the amount borrowed B for a mortgage with the same terms. Then find the monthly payment p when the amount borrowed is $230,000.

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The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly payme...

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