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Graph the following function and describe all intercepts. Round answers to the nearest hundredth.
Prevailing Interest Rates
are the current rates of interest which banks and other financial institutions charge on loans and pay on deposits.
Second Mortgages
A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.
First Mortgages
A primary lien against real property that takes precedence over all other mortgages or liens, except for statutory liens.
Assumes the Mortgage
Refers to when a person takes over the obligations of a mortgage from the original borrower under the terms of the original loan.
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