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.
Butttatoe!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answer:
Option B: 3x + 3y - 3
Step-by-step explanation:
In an isosceles triangle, the two congruent sides are equal.
We are told the base is; x - y - 2 units
Now let each of the congruent sides be represented as A.
Thus the perimeter equation will be;
P = 2A + x - y - 2
Now, we are told that the perimeter is; 7x + 5y - 8 units
Thus;
7x + 5y - 8 = 2A + x - y - 2
Rearranging gives;
7x - x + 5y + y - 8 + 2 = 2A
2A = 6x + 6y - 6
Divide through by 2 to give;
A = 3x + 3y - 3 units
If it takes Tim 2 hours to drive to the campground and it takes 3 times more long then driving to the campground. Then all you have to do is 3 multiplied by 2 and then your answer would be 6 hours.
Hope it helps!