When discount points are paid, the bank collects a one-time fee at closing in exchange a lower mortgage rate to be honored for the life of the loan.
The banks consider this payment to be "prepaid mortgage interest". Meanwhile, mortgage interest is tax-deductible for eligible tax-filers so, for many mortgage borrowers, there's a tax advantage to paying discount points.
6x+10=58
6x=48
/6. /6.
x=8
you can purchase 8 pizzas. hoped this helped
Answer:
Negative
Step-by-step explanation:
The line is trending downwards, which is indicative of a negative slope.
Incomplete question, but use the following example as an illustration.
Step-by-step explanation:
Say one person had $200 in a savings account last month and now has $225. That's an increase. The problem is to find the percent of increase in money.
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