Problem

Mortgage Payments The monthly payment p on a mortgage varies directly with the amoun...

Mortgage Payments The monthly payment p on a mortgage varies directly with the amount B borrowed. If the monthly payment on a 30-year mortgage is $854.00 when $130,000 is borrowed, find a model that relates the monthly payment p to the amount B borrowed for a mortgage with the same terms. Then find the monthly payment p when the amount borrowed is $165,000

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