The following table shows the cost of 1,000 square feet of luxury real estate in three cities together with the quantity your development company intends to purchase in each city.   City 1 City 2 City 3 Cost ($ million) 3.1 2.5 0.55 Quantity Purchased (thousands of square feet) 10 20 10 Use matrix multiplication to estimate the total cost (in millions) of the purchase. $  ______million

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Q: 36 The initial balance of a loan is \( \$ 20,000 \) and the interest rate is \(1\% \) per month…

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