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:
17
Step-by-step explanation:
D
1/8 = 0.125
0.125*5=0.625
0.625+1=1 5/8
Answer:
let c is a point between a and b we can find the coordinates of c by using mid-point formula
the coordinate x of c is equal to
x=(x1+x2)÷2
x=(3+27)÷2
x=30÷2
x=15
the coordinate y of c is equal to
y=(y1+y2)÷2
y=(2+30)÷2
y=32÷2
y=16
so the coordinates of c are (15,16)
Answer:
67,500 m²
Step-by-step explanation:
ASSUMING the fields look like this __________________
| | |
| | | W
|_________|_________|
L
Let L be the length of the combined field and W be the width
2L + 3W = 1800
2L = 1800 - 3W
L = 900 - 1.5W
A = LW
A = (900 - 1.5W)W
A = 900W - 1.5W²
Area will be maximized when the derivative equals zero.
dA/dW = 900 - 3W
0 = 900 - 3W
3W = 900
W = 300 m
L = 900 - 1.5(300)
L = 450 m
A = LW = 450(300) = 135,000 m²
so each sub field is 135000/2 = 67,500 m²
