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.
Use ratio and proportion
5.25/x= 82/100
cross multiply
82 x= 525
x= 6.4 miles
Hope this helps
Answer:
229.18 degrees
Step-by-step explanation:
The circumference of a circle with radius r is 2×pi×r.
So if it has a radius of 1 mile, then the circumference is 2×pi×1=2pi miles.
So if we travel 4 miles, then the percentage of this circle we traveled is 4/(2pi)=63.66% approximately.
There are 360 degrees in a circle and we want to how much of that rotation belongs to traveling 4 miles of the circumference of a circle that measures 2pi miles. So 63.66%×360 degrees =229.18 degrees.
