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Holt Mcdougal Larson Pre-algebra: Student Edition 2012

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 15E

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Question

The following figure shows costs for a current home mortgage versus a refinanced home mortgage.
Refinancing has initial costs but results in a lower monthly payment. Which best describes the lines?
Total cost ($)
14000
12000-
10000-
8000
6000-
4000
2000
5
6
9
10
Months

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