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1 answer:

7 0

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:
Loan A has an interest rate of 4.5% and no closing costs. 
Loan B has an interest rate of 4.375%, but has $1000 in closing costs. 

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.

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Solve this problem to find Y. 800 x Y = 4800

kupik [55]

Answer:

Step-by-step explanation:

800*Y=4800

Y=4800/800

Y=6

5 0

3 years ago

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Please help me ASAP only answer if you’re absolutely sure and/or you took the benchmark

ICE Princess25 [194]

Answer: the answer is a

Step-by-step explanation:

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3 years ago

What is the following product? (5√2-4√3)(5√2-4√3)

Galina-37 [17]

Step-by-step explanation:

(5√2-4√3)(5√2-4√3)=

(5√2-4√3)^2=(5√2)^2+(4√3)^2-2(5√2)(4√3)

=25*2+16*3-10√2*4√3

=50+48-10√2*4√3

=98-10√2*4√3 is the answer

6 0

3 years ago

Last year at a certain high school, there were 100 boys on the honor roll and 60 girls on the honor roll. This year, the number

defon

Answer:

last year 100 boys and 60 girls, for a total of 160.

this year, 120 boys and 75 girls, for a total of 195.

35 more than 160 is a 21.8% increase

4 0

3 years ago

Graph 14x+34y=1 pretty please with a cherry on top!Also thank-you

Svetlanka [38]

To make it much easier, it should be converted to the slope-intercept form
y = mx + b

To do so, 14x + 34y = 1 turns to:
34y = -14x + 1

Divide both sides by 34:
$\frac{34y}{34} = \frac{-14}{34} x + \frac{1}{34}$
Simplified:
$y = \frac{-7}{17} x + \frac{1}{34}$

Answer: $y = -\frac{7}{17} x + \frac{1}{34}$
Here is the graph:

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3 years ago