A=
AP=<t><c></t>
C0=
C1=
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C8=
C9=
ES=Answers may vary.
F0=
F1=V23
F2=
H=$.hint$
INST=Use the table.
M1=
M2=
M3=
M4=
M5=
M6=
M7=
M8=
M9=
MS=1
MW1=
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N=
Q=A family wants to buy a \$V0 house.  Suppose this family contracted for a V2-year mortgage at V3% with the bank that loaned the family V1% of the price of the house.  What is the family's monthly payment for principal and interest? <p>\n<span=f3>Monthly Payment (in dollars) for Each <br>\$1000 Borrowed</span>\n<table=A1p0P0K8><tr><td=imcK7>&nbsp;Finance Charge&nbsp;</td><td=imcK7>&nbsp;10 years&nbsp;</td><td=imcK7>&nbsp;15 years&nbsp;</td><td=imcK7>&nbsp;20 years&nbsp;</td></tr><tr><td=mc>11%</td><td=mc>V10</td><td=mc>V11</td><td=mc>V12</td></tr><tr><td=mc>12%</td><td=mc>V13</td><td=mc>V14</td><td=mc>V15</td></tr><tr><td=mc>13%</td><td=mc>V16</td><td=mc>V17</td><td=mc>V18</td></tr>\n</table>
SA=Answers may vary.
T=F
TF=-1
TL=
TOL=+1E-4
U=NOUNIT
V0=I[50000,300000,10000]
V1=I[50,90,5]
V10=R*.2[13,13.99]
V11=R*.2[11.41,11.69]
V12=R*.2[10,10.99]
V13=R*.2[14,14.5]
V14=R*.2[12,12.55]
V15=R*.2[11,11.4]
V16=R*.2[14.6,14.99]
V17=R*.2[12.56,12.99]
V18=R*.2[11.7,11.99]
V19=R*.2(V4/1000)
V2=L[V5:10,15,20]
V20=R*.2(V19*V7)
V21=R*.2(V19*V8)
V22=R*.2(V19*V9)
V23=L[V6:V20,V21,V22]
V3=L[V6:11,12,13]
V4=I(V0*.01*V1)
V5=I[1,3]
V6=I[1,3]
V7=L[V5:V10,V11,V12]
V8=L[V5:V13,V14,V15]
V9=L[V5:V16,V17,V18]
W=<step>V1% of \$V0 = \$<box>V4</box>\n</step>\n<ostep>(V6==1)::\n<!--    //11% mortgage   -->\nWe read from the table that the amount per \$1000 on a V2-year loan at V3% is<br> \$<box>V7</box>.\n</ostep>\n<ostep>(V6==2)::\n<!--  //12% mortgage   -->\nWe read from the table that the amount per \$1000 on a V2-year loan at V3% is <br>\$<box>V8</box>.\n</ostep>\n<ostep>(V6==3)::\n<!--   //13% mortgage   -->\nWe read from the table that the amount per \$1000 on a V2-year loan at V3% is <br>\$<box>V9</box>.\n</ostep>\n<step=p>\nThus, the monthly payment will be \n</step>\n<ostep>(V6==1)::\n<!--  //11% mortgage   -->\nV19 $times$ \$V7:: =:: \$<box>V20</box>::<hide><span=k3>The mortgage loan is for V19 thousand dollars.</span></hide>\n</ostep>\n<ostep>(V6==2)::\n<!--   //12% mortgage   -->\nV19 $times$ \$V8:: =:: \$<box>V21</box>::<hide><span=k3>The mortgage loan is for V19 thousand dollars.</span></hide>\n</ostep>\n<ostep>(V6==3)::\n<!--   //13% mortgage   -->\nV19 $times$ \$V9:: =:: \$<box>V22</box>::<hide><span=k3>The mortgage loan is for V19 thousand dollars.</span></hide>\n</ostep>\n
YN=-1
cnum=4
followup=
ilev=0
mcdm=1
mdm=0
mpc=unspecified
mpn=2
mpv=2.0
mwnum=2
ncd=-1
subject=unspecified
varnum=28
commentV0=         //price of house
commentV1=          //% the bank loan covers
commentV19=          //47.5 dollars in thousands
commentV2=          //year mortgage
commentV20=          //ans for 11%
commentV21=          //ans for 12%
commentV22=          //ans for 13%
commentV23=          //ans
commentV3=          //% mortgage with bank
commentV4=          //75% of 500000 is..
commentV7=          //11%
commentV8=          //12%
commentV9=          //13%