Please Help I need ot now!!!!!! Ms. Moore is purchasing a house and needs to finance a $150,000 mortgage from the bank with an
annual percentage rate (APR) of 3.8% she is financing it over 30 years and making monthly payments. What is the total amount Ms. Moore will pay back to the bank> (to the nearest dollors)
1 answer:
You might be interested in
The Lagrangian,
has critical points where its partial derivatives vanish:
tells us
, so that
Then with , we get
and tells us
Then there are two critical points, . The critical point with the negative
-coordinates gives the maximum value,
.