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:
y=1/3x-1/3
Step-by-step explanation:
Answer:
Step-by-step explanation:
<h3><u>Given that:</u></h3>
Exterior angle of L = 5x + 12
M = 3x - 2
N = 50
<h3><u>Statement:</u></h3>
- Exterior angle is equal to the sum of non-adjacent interior angles.
So, the exterior angle that is adjacent to L is equal to the sum of non-adjacent sides (M and N) of the triangle.
Here,
Exterior angle of L = M + N
5x + 12 = 3x - 2 + 50
5x + 12 = 3x + 48
Subtract 12 to both sides
5x = 3x + 48 - 12
5x - 3x = 36
2x = 36
Divide 2 to both sides
x = 18
So,
<h3><u>Measure of angle M:</u></h3>
= 3x - 2
= 3 (18) - 2
= 54 - 2
= 52°
Now,
<h3><u>Measure of angle L:</u></h3>
<u>We know that,</u>
- Sum of all the interior angles of triangle is 180 degrees.
L + M + N = 180°
L + 52 + 50 = 180
L + 102 = 180
Subtract 102 to both sides
L = 180 - 102
L = 78°
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