What is your question? What don't you understand? Where is your solution? Do you just want someone to do your work for you? You would learn nothing that way and it would be a disservice to you. And if you turned in the answer prepared by another person as your own work you would be committing plagiarism which is unethical.

This is a basic compound interest problem with an ordinary annuity.

a. If you can't calculate 85% of 185,500 consider transferring to barber college.

b. There are some basic rules of thumb about the amount of house someone can afford. But to answer this question you would have to know a lot more about his finances..

c. The monthly payment is the rent of an ordinary annuity whose present value is $157,675, n = 300, and i% = .35416667%. The answer is $854.19.

d. multiply c x 300.

e. Subtract the PV from d.

It is not appropriate of you to assign your homework to others. To get help you should do the work as well as you can and provide your solution so someone can help you by pointing out where you are wrong and by explaining areas where you show weaknesses.

Victor earns a gross annual income of $84,482 and is buying a home for $185,500. He is making a 15% down payment and financing the rest with a 25-year loan at 4.25% interest.

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A. What is the mortgage amount he will borrow?

B. Can he afford this mortgage? Justify your response.

C. What will his monthly mortgage payment be?

D. What will his total payment for the house be?

E. What is the amount of interest he will pay?