Answer:
A
Step-by-step explanation:
The answer is A because all of the other options are favorable circumstances to refinance. There's no need to refinance if the loan in question (a mortgage in this case) has already been paid off.
Slope of the line J
(6-1) / (-3-(-6))
5 / 3
so
m = 5/3
If this line passes through (15,-1)
y = mx + c
-1 = (5/3)*15 + c
-1 = 25 + c
c = -26
equation is
y = (5/3)x - 26
2/21, 16/28
Multiply by 2,3,4
Exponential growth would include, A = 20,000(1.08)^t, A=40(30), P=1700(1.07).
Decay would include, A=80(1/2)^t, A= 1600(.8), P=1700(.93)
Hope this helps.
