Multiple Choice
Suppose the term of a mortgage t (in years) can be approximated by 
where x is the monthly payment in dollars. Use the model to approximate the term of a home mortgage for which the monthly payment is 
. What is the total amount paid? Round your answer to the nearest cent. Your answer may be slightly different depending on the number of digits your technology uses in computations.
A) $1284.55
B) $308,293.13
C) $15,414.66
D) $51,382.19
E) $616,586.26
Correct Answer:
Verified
Correct Answer:
Verified
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