I believe this question is referring to purchasing a discount on a loan's interest rate by putting more towards closing costs. For mortgages, sometimes they will allow you to "buy" a smaller interest rate. For example:
<span>Loan A has an interest rate of 4.5% and no closing costs. </span>
<span>Loan B has an interest rate of 4.375%, but has $1000 in closing costs. </span>
<span>Normally, Loan A would be the better choice if you plan on keeping the home short term, but Loan B would be more beneficial for keeping the loan long-term. I don't really care to spend the time that is necessary to come up with an actual scenario, but I hope that helps enough for you to understand the question.</span>
Answer:
The school is closest
Step-by-step explanation:
Plot the point of the library and measure the distance from the library to each location.
Answer:
y=5x+25
y=5(12)+25
y=85
Step-by-step explanation:
Answer: 16
Step-by-step explanation:
Because the Y is 0 for both, you can simply draw a line graph with one point at 15, and the other at -1. The difference between 15 and -1 is 16. Or ABS(15-(-1))=16
Answer:
2
Step-by-step explanation:
6-x/2=4
6-x=4*2
6-x=8
x=2
