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>
Answer:
8.75h = 50
Step-by-step explanation:
h is the number of hours Thomas needs to groom the dogs.
The rate is $8.75 per hour.
His goal is $50.
$8.75 × h = $50
$8.75h = $50
Answer:
Step-by-step explanation:
93 + (68 + 7)= 168
Answer:
<u>x = 5</u>
Step-by-step explanation:
See attached image.
