Part 1: Explain what the following variables represent and how changing each one affects the monthly payment amount: P, i, and t. Part 2: Explain how changing each variable (P, i, and t) affects the total cost of principal and interest over the life of the loan.

Part 1 and 2: P represents principle, or the original cost of the mortgage. i represents the annualinterest rate (r/n), and t represents time. When you change the time it affects monthlypayments because theres either more or less time to pay off the mortgage. Having a longertime to pay off means you'll have lower monthly payments. When the interest rateincreases, the monthly payment increases. This is because the higher the interest rate, themore interest you're paying. Changing the principle means you either have more or lessmoney to pay off.P2: Increasing i will increase the total cost since more interest will be charged. Increasingtime means there's more periods for interest to gather so the total cost will increase.Shortening the time will decrease the total cost because there will be less time for interestto accumulate.

step-by-step explanation:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

step-by-step explanation:

given that megan owns a clothing boutique.

the profits of 2010, 11, are recorded and shown as follows:

years since     2010 0     1     2     3       4       5

profits made in 1000's   39       84     111     120   111     84

we find that profit gradually increases form 2010 to 2013 upto 120,   then starts decreasing.

the profits for 2012 and 2014 are the same while that of 2011 and 2015 are also the same.

this shows that there is symmetry about the line profit = 120000

hence answer is:

a.   since the profit made in 2012 is equal to the profit made in 2014, the profit is           symmetric about the line y = 120,000.

read more on -

i wish i could u

step-by-step explanation:

i wish i could u