The cost of a home is finaced with a $120,000 30-year fixed rate mortage at 4.5%
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The maximum profit is the y-coordinate of the vertex of the parabola represented by the equation.
The maximum value is 6400, but the profit is given in hundreds of dollars, so multiply the value by 100.
The maximum profit the company can make is $640,000.
The maximum value is 6400, but the profit is given in hundreds of dollars, so multiply the value by 100.
The maximum profit the company can make is $640,000.