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Amount Financed(P) = $ 128,000
Time = 15 year
Rate of interest= 5.05%
Amount after 15 years translates to,
Rose and Andrew has taken four points to lower their rate to 4.81% .
Amount after 15 years translates to, if rate of interest is 4.83 %
Cost of four points = 268,009.890 - 259,713.0404
= $8296.8496
Answer:
x=5, y=2
Step-by-step explanation:
To solve this system, we need to find x and y. First, let's find x. In the first equation (6x+4y=42), subtract 4y on both sides to isolate 6x. This will result in 6x=42-4y. Divide by 6 on both sides to isolate x and get x=7-y. Now we know what x equals. Go to the second equation ad plug this into it. So instead of -3x+3y=-6, you'll have -3(7-
y)+3y=-6. Use the distributive property to get -21+2y+3y=-6. Add 2y and 3y to get -21+5y=-6. Add 21 to both sides to isolate 5y and get 5y=15. Divide by 5 on both sides to isolate y and get y=3. Now that we know that y=3, we can plug this back into the equation that was bolded above so that we can find x, so we'll have x=7-
(3) since y=3, and we'll get x=7-
, or x=7-2, or x=5.
x=5
y=2