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Find the monthly house payment necessary to amortize the following loan. 16) 16) In order to purchase a home, a family borrows $312,000 at 2.5%

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Find the monthly house payment necessary to amortize the following loan. 16) 16) In order to purchase a home, a family borrows $312,000 at 2.5% for 30 yr. What is their monthly payment? Round the answer to the nearest cent. Solve the problem by writing and solving a suitable system of equations. 17) A shopkeeper orders 54 pounds of cashews and peanuts. If the amount of cashews he 17) orders is 12 pounds less than the amount of peanuts, how many pounds of peanuts did he order? Solve the problem. 18) According to an agricultural report, the amounts of nitrogen (Ib/acre), phosphate (Ib/acre), 18) and labor (lb/acre), needed to grow three different vegetables are given by the following table: Vegetable A | Vegetable BI Vegetable c Nitrogen120 Phosphate 140 Labor 150170 100 4.4 80 4.6 4.8 If a farmer has 260 acres, 35,600 pounds of nitrogen, 30,800 pounds of phosphate, and 1208 hours of labor, can he use all of his resources completely? If so, how many acres allot for each crop

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