Lydia bought a home for $140,000. she put 20% down with a mortgage rate of 7.5% for 25 years. what are her yearly payments? a. $1,776.00 b. $12,415.20 c. $9,932.16 d. $9,329.61

The correct option is C. $9,93216

Step-by-step explanation:

Consider the provided information.

Lydia bought a home for $140,000. She put 20% down with a mortgage rate of 7.5% for 25 years.

That means now she need to pay only 80%.

140000 × 80 %= $112,000

Therefore she borrowed $112,000.

Mortgage rate of 7.5%=0.075 per year.

Monthly rate of interest =

Number of number of payments is:12(25) = 300

We can calculate the monthly payment c by using the formula:

Where, r is the monthly rate of interest.  P is the borrowed amount.  

N loan's term.

Substitute the respective values in the above formula.

Hence, the monthly payment is $827.67.

We need to find yearly payment, therefore.

$827.67×12≈$9932.04

Hence, the correct option is C. $9,93216

mr. flanders’ class sold 47 doughnuts and   mr. rodriquez’s class sold 38 cartons of milk

step-by-step explanation:

let x be the number of doughnuts sold by mr. flanders’ class and y be the number of cartons sold by mr. rodriquez’s class.

1. together, the classes sold 85 items, then

x+y=85.

2. both classes earn earned $104.49 for their school. if doughnuts were sold for $1.35 each, then x doughnuts costed $1.35x. if cartons of milk were sold for $1.08 each, then y cartons costed $1.08y. hence,

1.35x+1.08y=104.49.

3. solve the system of two equations: