Julianne and Benjamin are financing $113,500 to purchase a house. They obtained a 15/5 balloon mortgage at 4.95%. What will thei
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Answer:
The equation of the line is:
Step-by-step explanation:
The slope-intercept form of the line equation
y = mx+b
where
- m is the slope
- b is the y-intercept
Given
- y-intercept b = -12
- slope m = 3/2
now substituting b = -12 and m = 3/2 in the slope-intercept form of line equation
Therefore, the equation of the line is: