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.
Here you go. Let me know if you have questions
Separate them first.
7+8=15
5/6+2/6=7/6
There can't be 7/6, so it becomes 1 and 1/6,
15+1+1/6=16 1/6
The answer is 16 1/6.
Answer:
n/6
Step-by-step explanation:
If angle bisector of angle DBC is BE. What is m angle EBC, then <DBE = <EBC
Since <ABC = <ABD+<DBC
n = 2<DBC+<DBC
n = 3<DBC
<DBC = n/3
Since <DBC = 2EBC
n/3 = 2<EBC
n/6 = <EBC
Hence <EBC = n/6
