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

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter1: Equations, Inequalities, And Mathematical Modeling

Section1.3: Modeling With Linear Equations

Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...

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