A Couple Seeking to Buy a Home Decides That a Monthly

question 180

Multiple Choice

A couple seeking to buy a home decides that a monthly payment of $800 fits their budget. Their bank's interest rate is 7.5%. The amount they can borrow A is a function of the time t in years that it will take to repay the debt. If we denote this function by , then the following table defines the function. ​ Source: Comprehensive Mortgage Payment Tables, Publication No. 492, Financial Publishing Co., Boston
Choose the expression in the form which describes how long they will have to make payments if they need to borrow $69,000.
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Definitions:

Volume

A measure of the amount of space that a substance or object occupies, or that is enclosed within a container.

Hertz

A unit of frequency in the International System of Units (SI) that measures the number of cycles per second, often used to describe wave frequencies in physics and electronics.

Cycles Per Second

A unit of frequency, also known as Hertz (Hz), representing the number of complete cycles of a wave occurring in one second.

Decibels

A unit of measurement for the intensity of sound, indicating the pressure of the sound wave relative to a reference level.