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.
Answer:
y=11/3
Step-by-step explanation:
3y=2+9
Divide both sides by 3.
3y/3 = (2+9)/3
y=2/3+9/3
Combine like terms.
<u>y=11/3</u>
Answer:
y = 3x+7
Step-by-step explanation:
Slope intercept form is
y = mx+b where m is the slope and b is the y intercept
y = 3x+7
98 - x² = 0
x² = 98
x = ±√98
Lets factor 98
98 | 2
49 | 7
7 | 7
1
So, 98 = 2 . 7 . 7 = 2 . 7²
x = ±√2.7²
x = ±7√2
The x intercept of the line is at x = 10.
The x intercept is always the value of x when all other values are equal to 0. So in this case, we put 0 in for t and then solve.
-2x + 5t = -20
-2x + 5(0) = -20
-2x = -20
x = 10
