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:
1 1/2 points
Step-by-step explanation:
Answer:
26
Step-by-step explanation:
duh....
Correct answer:
19.7ft
Explanation:
This problem is solved using the Pythagorean theorem (a2+b2=c2). In this formula a and b are the legs of the right triangle while c is the hypotenuse.
Using the labels of our triangle we have:
o2+a2=h2
\dpi{100} h^{2}=(10ft)^{2} +(17ft)^{2}
h2=100ft2+289ft2
h=389ft2−−−−−√
Correct Answer →19.7ft
Hope this helps!
Sincerely; Victoria<3
Answer:
This is what internet says. Maybe this helps.
