Barry wants to buy a house. He is thinking a 15 year mortgage. The bank advertises an interest rate of 5% and Barry can afford a monthly payment of $1200. Using the formula P=1200[1−(1+0.0512)−12⋅15]0.0512, approximate the value of a house Barry can afford.

Do not round until the very end.

Round to the nearest dollar.

Two farmers pay a total rent of $140 for a pasture. the first farmer placed $4 oxen in the pasture, and the second farmer placed $30 sheep in the pasture. the farmers split the rent based on the proportion of the pasture eaten by their own animals that month. how much should the first farmer pay, if 1 ox eats as much as 10 sheep in a month?