You need a loan of $150,000. Compare your monthly payments and total loan cost under two options. Assume that the closing costs
1 answer:
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Answer:
Option 2: -¾
Step-by-step explanation:
First identify 2 points on the line.
(0, 1), (4, -2)
Substitute the coordinates into the gradient formula below:
☆ (x₁, y₁) is the 1st coordinate and (x₂, y₂) is the 2nd coordinate.
Slope of the line
☆ Since the line is sloping downwards looking from the left to right, the line must have a negative slope.