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finlep [7]
3 years ago
10

If the interest rate for a 15-year fixed rate mortgage is 5.00%, then the corresponding 30-year fixed rate is 6.39%. If the 15-y

ear rate decreases to 4.00%, then the 30-year rate decreases to 4.99%.
a. Assume that the relationship between the 15-year fixed rate (%) and the 30-year fixed rate (%) is linear. Find the equation of the line that describes this relationship. Write your answer in slope-intercept form. Let x be the 15-year fixed rate and the y be the 30-year fixed rate.

b. Use your equation from part a to estimate the 30-year fixed rate if the 15-year fixed rate is 4.5%.
Mathematics
1 answer:
tigry1 [53]3 years ago
4 0

Answer:

Could you ask yoir teacher for help next class period by any chance?

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7
jeyben [28]

Answer:

x = -2

Step-by-step explanation:

Given the point, (-2, 9) and the linear equation of a <u>horizontal line</u>, y = 6:

The linear equation of a horizontal line with a slope of zero (<em>m</em> = 0) is y = <em>b, </em>for which the y-intercept is (0, <em>b</em>). <u>Perpendicular lines</u> comprise of the intersection of two lines forming 90° angles.  

Since we are given the equation of a horizontal line, then we can assume that <em>the line that intersects a horizontal line must be a </em><u><em>vertical line</em></u> in order to form perpendicular lines.

The linear equation of a <u>vertical line</u> with an undefined slope is <em>x</em> = <em>a</em>, for which the x-intercept is (<em>a</em>, 0). Vertical lines have an <u>undefined slope </u>because these lines do not have any horizontal change. Thus, when you try to solve for its slope, the denominator will have a difference of 0, making the mathematical operation undefined.

We can use the <u>x-coordinate</u> of the given point, (-2, 9), to formulate an equation for a vertical line: x = -2.

Therefore, the equation of the line that goes through y = 6 is x = -2.

Attached is a screenshot of the graph of both equations, y = 6 and x = -2, showing that their intersection form 90° angles, making them perpendicular lines.      

8 0
3 years ago
A ball is thrown from an initial height of 3 feet with an initial upward velocity of 38 ft/s. The ball’s height h (in feet) afte
Tema [17]

Answer:

1.92 or 4.56 answer when rounded to 100th

8 0
3 years ago
Is 3.4 x 10 ⁵ a irrational number or rational number?
Luba_88 [7]

Answer:

It's a rational number

Step-by-step explanation:

Hope this help have a good day and good luck plz vote best answer :)

6 0
4 years ago
The vector v=(7,1) lies entirely in quadrant 1. Give possible coordinates for the initial point and terminal point of the vector
slamgirl [31]

Answer:

A possible initial point is (1,4) and a possible terminal point is (8,5)

Step-by-step explanation:

The given vector is \vec{v}=(7,1).

We can rewrite this vector as:

\vec{v}=\binom{7}{1}

The x-components is 7 and the y-component is 1.

We can choose initial point (a,b) and terminal point (c,d) in the first quadrant such that c-a=7  and d-b=1

If a=1, and b= 4, then:

c-1=7  and d-4=1

This implies that:

c=7+1=8  and d=1+4=5

Therefore a possible initial point is (1,4) and a possible terminal point is (8,5)

6 0
3 years ago
A charity bingo game costs $2 per round and has a $13 entry fee for an adult. It costs $3 per round and a $10 entry fee for a ch
snow_tiger [21]

Answer:

5 or d

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
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