Is .843 greater than or less than .846

Is .843 greater than or less than .846

asked May 9, 2017 214k views

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You plan to take out a 30-year fixed rate mortgage for $200,000. Let P(r) be your monthly payment if the interest rate is r% per year, compounded monthly. Interpret the equations (a) P(3)=843.21 and (b)

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