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 miles
Step-by-step explanation:
Alyssa takes part in the triathlon. She cycles 4/5 of the route, runs 1/8 of the route, and swims the rest of the way. She swims 0.9 miles. Find the total distance of the triathlon route.
Total distance Alyssa cycled and ran =
= 
Distance she swam = 1 - 37/40 = 3/40
3/40 of the distance is 0.9
the total distance = 40/3 x 0.9 = 12 miles
Answer:
7/12 please give brainliest.
Step-by-step explanation:
2x+3 is the answer.................................................................
4/3
explanation : just write it in fraction form
