Problem

Mortgages The balance owed y on a $50,000 mortgage after x monthly payments is shown in th...

Mortgages The balance owed y on a $50,000 mortgage after x monthly payments is shown in the table that follows. Graph the data points with each of the equations below to determine which is the better model for the data, if x is the number of months that payments have been made.

a. y = 338,111.278x0.676


b.

Monthly Payments

Balance Owed ($)

12

47,243

24

44,136

48

36,693

72

27,241

96

15,239

108

8074

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search