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>
If its the one under the one with a written answer(the first on blank at the top) its b. 20% did not arrive.
Answer:
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
Explanation:
Since it is a right triangle and we are given the two shorter legs, the hypotenuse is found by
c
2
=
a
2
+
b
2
c
2
=
10
2
+
24
2
=
100
+
576
=
676
c
=
√
676
=
26
