Chris and Becky are comparing mortgages. The mortgage is for $183,500. If they choose 30 years at 5%, their monthly payment will
be $985.07. If they choose 20 years at 4.5%, their monthly payment will be $1160.91. How much will be the total payback amount for each loan?
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Response:
Step-by-step breakdown:
2x²-13x+21+6x²+29x-5
=8x²+16x+16
Answer:
Kelvin miscalculated and wrote 60 incorrectly.
He should have calculated $30.65 minus 60% instead of using 0.60.
The accurate final equation is:
$30.65 - 60% = 12.26
Hope this will assist you....