Tom Henderson takes out a $120,000 mortgage. He paid 1.6% of the loan amount in closing costs and $8,962.49 in total interest th
e first year of the loan. What are Tom's closing costs? $
If the APR is (interest for one year plus closing costs) ÷ (amount financed), what was the APR for that year? %
If the APR is (interest only for one year) ÷ (amount financed), what was the APR (to the nearest tenth) for that year? %
What are Tom's closing costs? $1920 If the APR is (interest for one year plus closing costs) ÷ (amount financed), what was the APR for that year? 9.1% If the APR is (interest only for one year) ÷ (amount financed), what was the APR (to the nearest tenth) for that year? 7.5%
A linear equation is an equation for a straight line. And yes that is a linear equation. Because<span> it is of the form
h(x) = mx + b
where m=0 and b = 23
h(x) = mx + 23</span>
