Answer:
Step-by-step explanation:
y = 2(x - 2) - 3
Answer:
A. $307,172.72
Step-by-step explanation:
Inez has to pay 4 percent in closing costs and 16 percent for the down payment on a purchase of $225,500 with an ARM.
4% + 16% = 20%
lnez has to pay 20% of $225,500
= 225,500*20/100
= 225,500*0.2
= $45100
lnez has to pay $45100.
Over the life of the loan, lnez will pay $262,072.72
Now we have to add down payment, closing cost and the payment over the life of the loan.
$45100 + $262,072.72
= $307,172.72
Answer: A. $307,172.72
Thank you.
Answer:
Step-by-step explanation:
2x-y=4 ..........(1)
x+y=5 ...........(2)
<u>Add equation 1 and 2:</u>
We get:
3x=9
x=9/3
x=3
Substitute value of x in (2):
x+y=5
3+y=5
y=5-3
y=2
(3,2)
If Adam does not make his payments on time, the bank will charge an additional fee due to late payment.
The bank can also demand the possession of the car if Adam fail to pay for the entire loan despite many chances given by the bank.
The car was the collateral for the loan because the loan was for the purpose of buying the car.
