Answer:
The new rate would be 3.75%
Step-by-step explanation:
Purchasing a point simply implies negotiating for a lower rate of interest, which involves paying 1% of the loan in lieu of 1% interest reduction.
A point implies a reduction in interest rate by 0.25% while 3 points would reduce the interest rate by 0.75%(0.25%*3)
New interest rate=4.5%-0.75%=3.75%
The question you posted doesn't really show the question. Are there any words like how, when, where.... and do you have answer choices? : ) maybe then I can help?
Answer: t= 35/n -25
n=35/t+25
Step-by-step explanation:
A. 2(x+14) = 42
(2x = 14
x = 7
2(7) + 2(14) = 14 + 28 = 42)
Answer:
the answer is A
Step-by-step explanation:
if minus with minus it will be plus
