I believe this question is referring to purchasing a discount on a loan's interest rate by putting more towards closing costs. For mortgages, sometimes they will allow you to "buy" a smaller interest rate. For example:
<span>Loan A has an interest rate of 4.5% and no closing costs. </span>
<span>Loan B has an interest rate of 4.375%, but has $1000 in closing costs. </span>
<span>Normally, Loan A would be the better choice if you plan on keeping the home short term, but Loan B would be more beneficial for keeping the loan long-term. I don't really care to spend the time that is necessary to come up with an actual scenario, but I hope that helps enough for you to understand the question.</span>
The answer is B. He is incorrect because he should have only 5 factors of 3.
The fractions between 3/5 and 7/8 are:
4/5
1/6
5/6
1/8
3/8
5/8
Answer:
11, 44, 24
Step-by-step explanation:
On the right side column you are adding 11 every time you add 4 on the left side column
For example :
4:11
8:22
12:33
16:44
20:55
24:66
Hope this helps!!! :)))
