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Dmitrij [34]
3 years ago
10

PLEASE HELP WILL MARK AS BRAINLIEST!!!!! When is it a good idea to purchase discount points on a mortgage? Explain in complete s

entences.
Mathematics
1 answer:
olganol [36]3 years ago
8 0

When discount points are paid, the bank collects a one-time fee at closing in exchange a lower mortgage rate to be honored for the life of the loan.

The banks consider this payment to be "prepaid mortgage interest". Meanwhile, mortgage interest is tax-deductible for eligible tax-filers so, for many mortgage borrowers, there's a tax advantage to paying discount points.

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Jane earns a 5.5% commission on the selling price of each home she sells. She earned $9,020 in commission on the sale of a home.
ratelena [41]

Answer:

"$164000" is the appropriate answer.

Step-by-step explanation:

Let the selling price be "s".

As per the question,

If Jane take 5.5% of selling price i.e.,

= 0.055\times s

Given commission,

= $9,020

then,

The selling price will be:

⇒ 0.055\times s=9020

                s=\frac{9020}{0.055}

                   =164000 ($)    

6 0
2 years ago
Three-fifths of the members of the Spanish club are girls. There are a total of 30 girls in the Spanish club.
alekssr [168]

Answer:

50

Step-by-step explanation:

4 0
3 years ago
Which statement is NOT true? A. All isosceles triangles are also equilateral triangles. B. All equilateral triangles are also is
Alecsey [184]
Hello there!

The statement that would NOT be true would be option A. All isosceles triangles are also equilateral triangles. The rest of the statements would be TRUE.


Hope this helps and have a great day! :)
5 0
3 years ago
A large adult elephant weights 24,000 pounds. A baby elephant, on the other hand, weights only 260 pounds. How much more does th
galina1969 [7]
24,000- 260 would equal 23,740 pounds
8 0
3 years ago
Twenty-two more than a number is 47
Karo-lina-s [1.5K]

Answer:

the number is 25

Step-by-step explanation:

If the number is n, then twenty-two more is n + 22

which equals 47, so n+ 22 = 47

n = 47 - 22 = 25

8 0
3 years ago
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