When discount points are paid, the bank collects a one-time fee at closing in exchange a lower mortgage rate to be honored for the life of the loan.
The banks consider this payment to be "prepaid mortgage interest". Meanwhile, mortgage interest is tax-deductible for eligible tax-filers so, for many mortgage borrowers, there's a tax advantage to paying discount points.
Do you just want the answer or do you need the work too??
5a + 5b + 5c - 8x - 8y - 8z
C=πd
r=21
d=42
C=132 ft, and D is your final answer. Hope it help!
It is indeed justifiable that the operation involved in this task is combination because the arrangement of the assignments are not important. The combination may be solved directly from a scientific calculator using the function,
nCr
where in this item the value of n is 8 and that of r is 3. Substituting and solving the combination,
8C3 = 56
Therefore, there are exactly 56 combinations possible.
