Joanna earns a gross annual income of $68,450 and is buying a home for $134,900. She is making a 20% down payment and financing the rest with a 20-year loan at 4.25% interest.

(a) What is the mortgage amount she will borrow?
(b) Can she afford this mortgage? Justify your response.
(c) What will her monthly mortgage payment be?
(d) What will her total payment for the house be?
(e) What is the amount of interest she will pay?

a) $107,920

b) yes

c) $668.24

d) 187,357.75

e) $52,457.75

Step-by-step explanation:

a) 20% paid, 100-20 = 80% mortgage

134900 × 80/100 = 107,920

b) 107,920 = mortgage

Mortgage including interest:

107920 × 1.0425 = $112,506.6

Income = 20 × 68450

= $1,369,000

Since her Income is greater, she can afford it.

c) 6.192 × 107920/1000

= 668.24064

d) (668.24064 × 20 × 12) + (20% of 134900)

= 187,357.7536

e) 187,357.7536 - 134900

= 52,457.7536

answer: e 9, 5.75

step-by-step explanation:

step 1

find the variation ab in the x coordinate

delta x=(x2-x1)=10-> 8 units

find the variation ab  in the y coordinate 

delta y=(y2-y1)=6-> 2 units

step 2

find the coordinates point c

  x coordinate 

cx=ax+delta x*2/> cx=2+8*(2/> cx=3

  y coordinate 

cy=ay+delta y*2/> cy=4+2*(2/> cy=4.25

the coordinates of point c are (3,4.25)

step 3

find the coordinates point d

  x  coordinate 

dx=ax+delta x*4/> dx=2+8*(4/> dx=4

  y  coordinate 

dy=ay+delta y*4/> dy=4+2*(4/> dy=4.5

the coordinates of point d are (4, 4.5)

step 4

find the coordinates point e

  x  coordinate 

ex=ax+delta x*4/> ex=2+8*(6/> ex=5

  y  coordinate 

ey=ay+delta y*4/> ey=4+2*(6/> ey=4.75

the coordinates of point e are (5, 4.75)

step 5

find the coordinates point f

  x  coordinate 

fx=ax+delta x*4/> fx=2+8*(8/> fx=6

  y  coordinate 

fy=ay+delta y*4/> fy=4+2*(8/> fy=5

the coordinates of point f are (6,5)

step 6

find the coordinates point g

  x  coordinate 

gx=ax+delta x*4/> gx=2+8*(10/> gx=7

  y  coordinate 

gy=ay+delta y*4/> gy=4+2*(10/> gy=5.25

the coordinates of point g are (7,5.25)

step 7

find the coordinates point h

  x  coordinate 

hx=ax+delta x*4/> hx=2+8*(12/> hx=8

  y  coordinate 

hy=ay+delta y*4/> hy=4+2*(12/> hy=5.5

the coordinates of point h are (8,5.5)

step 8

find the coordinates point i

  x  coordinate 

ix=ax+delta x*4/> ix=2+8*(14/> ix=9

  y  coordinate 

iy=ay+delta y*4/> iy=4+2*(14/> iy=5.75

the coordinates of point i are (9,5.75)

- r3ktforgood ☕

step-by-step explanation:

well if you round, things become much more simple. round 5.95 to 6, 4.25 to 4, and 1.05 to 1. now, add 6+4+1 and that would equal 11. so the items together would equal to about $11.