document.write( "Question 1037689: Sylvia buys a small farm (a quarter section of 160 acres) for $225 000.00. She makes a down payment of $25 000.00 and uses a 20-year mortgage to pay the remainder. Because it is farmland, she opted for a yearly payment instead of monthly payments. Sylvia’s payments are $16 931.89 each year.
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document.write( "a. Calculate how much Sylvia will pay for the farm with yearly payments.
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document.write( "Hint: Include the down payment and amount paid over the course of the 20-year mortgage. \n" );
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Algebra.Com's Answer #652358 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "a. \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Just do the arithmetic.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |