PLEASE HELJohn 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?

$249,300

Step-by-step explanation:

The exact formula would be if I think this is right

PV = PMT(1-(1+r)^-n)/r with r & n adjusted for periodicity

= 1400(1-(1+.054/12)^-360)/(.054/12)

= $249,318.47

which you can round off to, say, $249,300 <

note:

counterchechecked with a financial calculator

i am sorry it just submitted an answer but the answer is 365 boys. hopes this

step-by-step explanation:

{x = -1/2 ,   y = -1

step-by-step explanation:

solve the following system:

{2 x + y = -2

{10 x - 3 y = -2

in the first equation, look to solve for y:

{2 x + y = -2

{10 x - 3 y = -2

subtract 2 x from both sides:

{y = -2 x - 2

{10 x - 3 y = -2

substitute y = -2 x - 2 into the second equation:

{y = -2 x - 2

{10 x - 3 (-2 x - 2) = -2

10 x - 3 (-2 x - 2) = (6 x + 6) + 10 x = 16 x + 6:

{y = -2 x - 2

{16 x + 6 = -2

in the second equation, look to solve for x:

{y = -2 x - 2

{16 x + 6 = -2

subtract 6 from both sides:

{y = -2 x - 2

{16 x = -8

divide both sides by 16:

{y = -2 x - 2

{x = -1/2

substitute x = -1/2 into the first equation:

{y = -1

{x = -1/2

collect results in alphabetical order:

answer:   {x = -1/2 ,   y = -1