You have recently taken out a loan for a new home. You place 10% down and finance the remaining balance. As part of the closing
cost, you are required to pay 2.5 points. Determine the amount of the loan prior to the addition of the 2.5 points to the loan if the final loan amount was for $151,625. Round your answer to the nearest cent. a.
$149,384.24
c.
$147,926.83
b.
$148,651.96
d.
$147,208.74
E - English homework, M - Math homework; M + E ≤ 2 hours M = 2 E 2 E + E ≤ 2 hours 3 E ≤ 2 hours = 120 minutes E ≤ 120 : 3 E ≤ 40 minutes Answer: The student will be able to finish his English homework in less or equal to 40 minutes.
