I believe this question is referring to purchasing a discount on a loan's interest rate by putting more towards closing costs. For mortgages, sometimes they will allow you to "buy" a smaller interest rate. For example:
<span>Loan A has an interest rate of 4.5% and no closing costs. </span>
<span>Loan B has an interest rate of 4.375%, but has $1000 in closing costs. </span>
<span>Normally, Loan A would be the better choice if you plan on keeping the home short term, but Loan B would be more beneficial for keeping the loan long-term. I don't really care to spend the time that is necessary to come up with an actual scenario, but I hope that helps enough for you to understand the question.</span>
5-7 = -2 and 1-6= -5 so the slope would be 2/5. you would set it up like this:
y=2/5x and then your y-intercept
1.Identify the fractions. Using the distributive property, you’ll eventually turn them into integers.
2.For all fractions, find the lowest common multiple (LCM) -- the smallest number that both denominators can fit neatly into. This will allow you to add fractions.
3.Multiply every term in the equation by the LCM.
4.Isolate variables adding or subtracting like terms on both sides of the equals sign.
5.Combine like terms.
6.Solve the equation and simplify, if needed.
The population of the town in 36 years would be 8000.
<h3>What would be the population of the town in 36 years?</h3>
The formula that can be used to determine the town's population is:
FV = P (1 + r)^n
Where:
- FV = Future value
- P = Present value
- R = rate of growth = 100%
- N = number of years = 36/9 = 4
500 x 2^4 = 8000
To learn more about future value, please check: brainly.com/question/18760477
