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:
A
Step-by-step explanation:
(2x^2 + 3x - 4) (x + 4)
FOIL.
2x^2 times x = 2x^3
3x times x is 3x^2
-4 times x = -4x
2x^2 times 4 = 8x^2
3x times 4 = 12 x
-4 times 4 = -16
Combine like terms to get 2x^3 + 11x^2 + 8x - 16.
Answer:
y = -3x - 1
Use the methods on your other questions.
Answer:
I dont know what that, but I think Its 3
Answer:L=4 W=15
Step-by-step explanation:
P=2L+2W
38-8=30
If length is 8 less than twice the width and the perimeter is 38, then subtract 38-8 which is 30, then divide 30 by 2 to get 15.
P=2(4) +2(15)
P=38
