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The amount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function g(x) = 299.2e-0.15x, where x = 1 corresponds to the year 2001. (a) Find the value of subprime mortgage lending in 2011 for the described customer base. (b) If the trend continues, what is the first full year in which subprime lending falls below $4 billion? (a) Which of the following describes how to find the value of subprime mortgage lending in 2011 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the value of subprime mortgage lending in 2011, substitute g(x). for x and evaluate to find B. To find the value of subprime mortgage lending in 2011, find the intersection point of the graphs y=299.2e-0.15x and y=. The vahe of subprime mortgage lending in 2011 is represented by the y-coordinate. In 2011, the assets are about $ billion. (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice.

The amount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function g(x) = 299.2e-0.15x, where x = 1 corresponds to the year 2001. (a) Find the value of subprime mortgage lending in 2011 for the described customer base. (b) If the trend continues, what is the first full year in which subprime lending falls below $4 billion? (a) Which of the following describes how to find the value of subprime mortgage lending in 2011 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the value of subprime mortgage lending in 2011, substitute g(x). for x and evaluate to find B. To find the value of subprime mortgage lending in 2011, find the intersection point of the graphs y=299.2e-0.15x and y=. The vahe of subprime mortgage lending in 2011 is represented by the y-coordinate. In 2011, the assets are about $ billion. (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice.

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
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(b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A To find the first full year in which subprime lending falls below $4 billion, find the intersection -0.15x and y The x-coordinate represents the number of point of the graphs y=299.2e7 years since 2000 and the first full year in which subprime lending falls below $4 billion. B. To find the first full year in which subprime lending falls below $4 billion, substitute evaluate to find g(x). The first full year in which subprime lending falls below $4 billion is for x and
Transcribed Image Text:(b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A To find the first full year in which subprime lending falls below $4 billion, find the intersection -0.15x and y The x-coordinate represents the number of point of the graphs y=299.2e7 years since 2000 and the first full year in which subprime lending falls below $4 billion. B. To find the first full year in which subprime lending falls below $4 billion, substitute evaluate to find g(x). The first full year in which subprime lending falls below $4 billion is for x and
The amount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function g(x) = 299.2e-0.15x, where x = 1 corresponds to the year 2001. (a) Find the value of subprime mortgage lending in 2011 for the described customer base. (b) If the trend continues, what is the first full year in which subprime lending falls below $4 billion? (a) Which of the following describes how to find the value of subprime mortgage lending in 2011 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the value of subprime mortgage lending in 2011, substitute g(x). for x and evaluate to find B. To find the value of subprime mortgage lending in 2011, find the intersection point of the graphs y=299.2e-0.15x and y=. The vahre of subprime mortgage lending in 2011 is represented by the y-coordinate. In 2011, the assets are about $ billion. (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice.
Transcribed Image Text:The amount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function g(x) = 299.2e-0.15x, where x = 1 corresponds to the year 2001. (a) Find the value of subprime mortgage lending in 2011 for the described customer base. (b) If the trend continues, what is the first full year in which subprime lending falls below $4 billion? (a) Which of the following describes how to find the value of subprime mortgage lending in 2011 using the given information? Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or a decimal.) A. To find the value of subprime mortgage lending in 2011, substitute g(x). for x and evaluate to find B. To find the value of subprime mortgage lending in 2011, find the intersection point of the graphs y=299.2e-0.15x and y=. The vahre of subprime mortgage lending in 2011 is represented by the y-coordinate. In 2011, the assets are about $ billion. (Type an integer or decimal rounded to the nearest hundredth as needed.) (b) Which of the following describes how to find the first full year in which subprime lending falls below $4 billion using the given information? Select the correct choice below and fill in the answer box to complete your choice.
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