Answer:
If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Step-by-step explanation:
Here is what the question is asking. If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Answer:
12 hours
Step-by-step explanation:
Answer:
I) 54.2 X 94 = 5094.8
J) 36.39 X 28 = 1018.92
K) 43.73 X 74.4 = 3253.512
Answer:
Step-by-step explanation:
Given
Required
Determine the probability before the request of past experience
In this case, we only consider the 50 50 chance probability
Answer:
PQRS and TUVW are similar.
Step-by-step explanation:
We are give two polygons.
Sides of first polygon are :
PQ = 8 ft
QR= 13ft
RS = 8ft
PS = 13ft.
Sides of second polygon:
TW = 2.4 ft
TU = 5.2 ft
UV = 2.4 ft
VW = 5.2 ft.
We can see that PQRS and TUVW are parallelograms.
Note: <em>If an angle of a parallelogram is equal to an angle of another parallelogram then parallelograms would be similar.</em>
We can see that <Q ≅ <T = 120°.
<h3>Therefore, PQRS and TUVW are similar.</h3>
