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Question: with this house youll probably have a mortgage s say...

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With this house, youll probably have a mortgage. s say you put a standard 20 take out a mortgage of $160000. With a fixed rate mortgage for 10 years1, you will pay Let % down , and then M(t) 0.039 in interest per year, but each year you will pay off $845.07t toward the mortgage.2 So the value of your mortgage at any given time is modeled by dVM dt (0.039)Vi(t)-845.07 Find Vw(t).
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