Answer:
5
Step-by-step explanation:
1 1/6 + 1 1/6 + 1 1/6 +1 1/6 + 1 1/6= 5 5/6
2
Step-by-step explanation:
common ratio(r)=-3/4
a2÷a1=r
32/9÷-128/27=-3/4
therefore using the common ratio to find the fourth term is just by multiplying the third term -8/3 by the common ratio -3/4
which equals = 2
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>
