Chin woo bought a home for $160,000. he put down 20 percent. the mortgage is at 8 1/2 % for 25 years. by using the table in the handbook, his yearly payments are:

His yearly payment is $12507.095

Step-by-step explanation:

We are given

Chin Woo bought a home for $160,000

He put down 20 percent

It means that down payment is 20% of price of home

and he took loan of remaining amount

so, present value is 80% of 160000

The mortgage is at 8 1/2 % for 25 years

so, r=8.5%=0.085

t=25

now, we can use payment formula

now, we can plug values

now, we can solve for P

we get

so,

His yearly payment is $12507.095

b.my answer is b.

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answer: a video game has three difficulty levels: easy, medium, and expert. the game's scoring works in such a way that a player has to score a fixed number of points to advance to the next level, and then the scoring starts over. the total score needed to clear all three difficulty levels is 7,500. two times the number of points needed to clear the easy level is 500 more than the number of points needed to clear the medium level. twice the number of points needed to clear the medium difficulty level is 1,500 more than the number of points needed to clear the expert level. if x, y, and z represent the easy, medium, and expert levels, respectively, and a is the coefficient matrix of the system of equations modeling this situation, identify the inverse matrix, a-1, and the solution matrix, x, of the system of equations.

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