I believe this question is referring to purchasing a discount on a loan's interest rate by putting more towards closing costs. For mortgages, sometimes they will allow you to "buy" a smaller interest rate. For example:
<span>Loan A has an interest rate of 4.5% and no closing costs. </span>
<span>Loan B has an interest rate of 4.375%, but has $1000 in closing costs. </span>
<span>Normally, Loan A would be the better choice if you plan on keeping the home short term, but Loan B would be more beneficial for keeping the loan long-term. I don't really care to spend the time that is necessary to come up with an actual scenario, but I hope that helps enough for you to understand the question.</span>
Answer:
13/20
Step-by-step explanation:
Answer:
1.77
Step-by-step explanation:
Reverse the numbers in the table to get:
(52,20) (67.5,25) and (64,30)
The answer would be (52,20)
Answer:
x = 2
Step-by-step explanation:
6x-1=11
Add 1 to each side
6x-1+1=11+1
6x = 12
Divide by 6
6x/6 = 12/6
x = 2