Chapter 1.2, Problem 27E

To determine

(a)

To find:

The meaning of $E\left(10\right)$ and find its value.

To determine

(b)

To find:

A table showing the average yearly rate of change in equity over each $5$-year period.

To determine

(c)

To find:

If the equity accrues more rapidly early or late in the life of a mortgage.

To determine

(d)

To find:

The equity accrued after $17$ years.

To determine

(e)

To find:

If it would make sense to use the average rate of change to estimate any function values beyond the limits of this table.