Amount Financed(P) = $ 128,000
Time = 15 year
Rate of interest= 5.05%
Amount after 15 years translates to,
Rose and Andrew has taken four points to lower their rate to 4.81% .
Amount after 15 years translates to, if rate of interest is 4.83 %
Cost of four points = 268,009.890 - 259,713.0404
= $8296.8496
The point-slope equation of the line is
Step-by-step explanation:
The form of the point-slope equation is , where
The slope of a line , where
and
are two points on the line
∵ The line through (2 , 3) and (7 , 4)
∴ = 2 and
= 7
∴ = 3 and
= 4
- Substitute these value in the rule of the slope
∵
∴ the slope of the line is
Let us substitute the value of the slope and the coordinates of point in the form of the equation
∵
∵ = 2 and
= 3
∵
∴
The point-slope equation of the line is
Learn more:
You can learn more about the linear equation in brainly.com/question/12941985
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