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Concept explainers
Subprime Mortgages Theamount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function
where
Find the value of subprime mortgage lending in 2016 for the described customer base.
If the trend continues, what is the first full year in which subprime lending falls below $3 billion?
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Pearson eText for Mathematics with Applications In the Management, Natural, and Social Sciences -- Instant Access (Pearson+)
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