A bank requires a borrower to pay 1 ½ points for a loan. Find the amount of the loan origination fee for a loan of $89,000.
1 answer:
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Answer:
The graph in the attached figure
Step-by-step explanation:
we have
Isolate the variable y
The solution is the shaded area below the solid line
Is below because the symbol of the inequality is less
Is a solid line because the line is included in the solution
The equation of the solid line is
To graph the solution find the intercepts
Find the x-intercept (value of x when the value of y is equal to zero)
For y=0, x=6 --------> point (6,0)
Find the y-intercept (value of y when the value of x is equal to zero)
For x=0, y=2 -------> point (0,2)
Graph the inequality
see the attached figure
