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Alex_Xolod [135]
4 years ago
11

What’s the answer to this?

Mathematics
1 answer:
fgiga [73]4 years ago
5 0

Answer:

87

Step-by-step explanation:

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Kevin's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will be his new rate?
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Answer:

The new rate would be  3.75%

Step-by-step explanation:

Purchasing a point simply implies negotiating for a lower rate of interest, which involves paying 1% of the loan in lieu of 1% interest reduction.

A point implies a reduction in interest rate by 0.25% while 3 points would reduce the interest rate by 0.75%(0.25%*3)

New interest rate=4.5%-0.75%=3.75%

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I think the answer is 13.5 square units.

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Step-by-step explanation:

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3 years ago
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Step-by-step explanation:

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