12. John and Kathy are shopping for their first home. Between the two of them, they feel they can afford a $1400 monthly house payment. The bank has already preapproved them
for a 30-year loan with 5.4% interest. What is the maximum house price John and Kathy can
afford?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

you can't solve x because it is 2 linear equation and you only have one equation

its an acute right triangle

step-by-step explanation: