Business, 18.10.2019 07:00 rivman10

The monthly payment for a home loan is given by a functionf(p, r, n),where p is the principal (the initial size of the loan), r the interest rate expressed as a decimal (a 6% interest rate is denoted by r = 0.06), and n the length of the loan in months. if p = $100,000, r = 0.06, and n = 240 (a 20-year loan), then the monthly payment is f(100,000, 0.06, 240) = 716.43. furthermore, with these values, we have? f? p= 0.0072,? f? r= 5,769,? f? n= ? 1.5467.estimate the following values.(a) the change in monthly payment per $1,000 increase in loan principal.? f = $) the change in monthly payment if the interest rate increases to r = 6.5%.? f = $) the change in monthly payment if the length of the loan increases to 24 years.? f = $

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The monthly payment for a home loan is given by a functionf(p, r, n),where p is the principal (the i...

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