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.
This is my answer that's a less than or equal sign
Answer: -12
Step-by-step explanation: To solve this problem, we can first start by rewriting the problem. When we add a negative, that's exactly the same thing as subtracting so we can make the problem easier to understand.
18 + (-30) → 18 - 30
To find the answer to this problem, let's first find out how many jumps it get's to 0 from 18. It would take 18 jumps and there is 12 jumps left over. Then, we would subtract 12 from 0 and we would get -12 as our answer. Therefore, 18 + (-30) = -12.
Wren's bedroom is 12 feet long x 10 feet wide. She plans to purchase carpet for the entire room. The carpet costs $25 per square meter. What are the dimensions in meters? Round each to nearest tenths place.
There are 3.28084 feet in a meter.
12*3.28084=39.30078
10*3.28084=32.8084
Length:39.3
Width:32.8
A) A= 5000 x .0325 ( 31)
A= 5,037.50
.0325 = 3.25%
31 years 2021-1990 = 31
