Answer:
If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Step-by-step explanation:
Here is what the question is asking. If Dominic buys 2 points (2% of the loan value) he will get a better rate and hence less payment. The question is asking how long will it take him to save the initial investment of 2% of the loan value due to a smaller payment. The monthly payment at 5.45% is $1,146.43, the monthly payment for 5.2% is $1,118.66. This is a difference of $27.77 per month. The 2 points will cost him $3,752.00. The question is asking how long will it take Dominic to re-coup his $3,752.00 if he saves $27.77 per month. Just divide the 2 numbers and you get 135.10 months. If you divide that by 12 you get 11.26 years, which is roughly 11 years, 4 months.
Answer:
Step-by-step explanation:
<span>idk why they want the dratted "k" . it is so simple w/o it !
in the form y = ab^x, a = 4000, b = 4400/4000 = 1.1, x = t/2
N = 4000*1.1^(13/2) = 7432 <------
-----------------
now you won't be satisfied with simplicity, so
4400 = 4000e^2k
e^2k = 1.1
k = ln 1.1/2 = .0477 to 4 dp
N(13) = 4000e^(13*.0477) = 7436 <------
note that apart from a roundabout way, you get a less accurate ans !</span>
Angles XQL and MQR are congruent because they are vertical angles. So
209 - 13 <em>b</em> = 146 - 4 <em>b</em>
Solve for <em>b</em> :
209 - 13 <em>b</em> = 146 - 4 <em>b</em>
209 - 146 = 13 <em>b</em> - 4<em> b</em>
63 = 9 <em>b</em>
<em>b</em> = 63/9 = 7
Then the measure of angle XQL is
(209 - 13*7)º = 118º
Answer:
73°
Step-by-step explanation:
the measure of two complementary angles add up to 90
so We need to solve this equation to get the measure of its complementary angle :
x + 17 = 90
then
x = 90 - 17
= 73
