1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Studentka2010 [4]
3 years ago
7

A "point" is 1% of your borrowed amount on a mortgage. You want to pay 2 points to get a 0.5% reduction in your interest rate on

a $175,000 mortgage. How much will you pay in points?
Advanced Placement (AP)
2 answers:
Rashid [163]3 years ago
8 0

Answer:

The answer is A ($3,500)

Explanation:

I recently got this question and A was the correct answer. I used the same strategy like the one above me and it worked.

Hope it helps!!

igor_vitrenko [27]3 years ago
7 0
The answer is $3500.

You are simply asking for the equivalent of 2 points for the mortgage of $175,000. Since 1 point is equal to 1% of the mortgage, 2 points is 2% of the mortgage then.

Equation:
Y = P% * X
Y = 2% * 175000

Convert P into decimal: P = 2/100 = 0.02

Y = 0.02 * 175000
Y = 3500

You might be interested in
Does this make sence to all of you when in doubt figure it out
blsea [12.9K]

Answer:

<em>i'm confused ??</em>

Explanation:

8 0
3 years ago
Read 2 more answers
Sherman wants to apply to an animal welfare agency as a photographer. Which kind of photos should Sherman include in his résumé?
Murrr4er [49]
C. Shots of various animals would be the best answer. Since Sherman is applying to an welfare agency as a photographer, the other options wouldn’t make as much sense.


Hope this helps
6 0
3 years ago
Evaluate8 cubed . Use pencil and paper. Explain how you can check that your result is correct. Show your work.
Darya [45]

Answer:

512

Explanation:

8 cubed is written as 8 to the power of 3 or 8*8*8

which is 8 times 8 times 8

let's break it down

8*8 = 64

64*8=512

final answer: 512

to check, do the opposite of what you just did

take the cubed root of 512

and you'd get 8

8 0
3 years ago
Denmark is a good example of a nation-state because...
d1i1m1o1n [39]
<span>Denmark is a goo example of a nation-state because nearly all Danes speak Danish and live in Denmark. So in this case the correct answer would be C. Nearly the entire population are ethnic Danes who speak Danish.</span>
3 0
3 years ago
Which of the following.is the most likely reason for similarities between Marco Polo and ibn battuta's accounts of their travels
PilotLPTM [1.2K]
Both the areas observed participated in significant long-distance trade.
4 0
2 years ago
Other questions:
  • Pictures that we receive from space are of the_ because it takes time for_to reach earth
    11·2 answers
  • The widespread use of computers has led to a national concern over
    6·1 answer
  • Describe the changes you think would take place if a capitalist system suddenly changes to a command system?
    14·2 answers
  • Why did isabella and ferdinand pay for columbus's first journey
    12·2 answers
  • A school district conducted a survey to find out
    8·1 answer
  • YOU WANT FREE POINTS &amp; BRAINLIEST? ANSWER THIS DRIVERS ED QUESTION CORRECTLY AND I GOT YOU
    6·2 answers
  • Identify the particle type that would most likely make up the majority of the soil
    15·1 answer
  • Has anyone taken AP Psych?
    7·1 answer
  • reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
    11·1 answer
  • In the second and third sentences of the fifth paragraph (“He stops . . . gradual explanation”), the author presents a humorous
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!