The answer to your problem is A because you must add them altogether but i might be wrong im just trying to help you out
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:
IMAOOOOOO that happens to me all the time one time I was trying to ask a
question and it said that the phrase "PLZ HELP ME ASAP THIS IS DUE IN 10 MINUTES" was offensive like. HOW????
Step-by-step explanation:
it can be stup1d sometimes
Answer:
1) (x + 3)(3x + 2)
2) x= +/-root6 - 1 by 5
Step-by-step explanation:
3x^2 + 11x + 6 = 0 (mid-term break)
using mid-term break
3x^2 + 9x + 2x + 6 = 0
factor out 3x from first pair and +2 from the second pair
3x(x + 3) + 2(x + 3)
factor out x+3
(x + 3)(3x + 2)
5x^2 + 2x = 1 (completing squares)
rearrange the equation
5x^2 + 2x - 1 = 0
divide both sides by 5 to cancel out the 5 of first term
5x^2/5 + 2x/5 - 1/5 = 0/5
x^2 + 2x/5 - 1/5 = 0
rearranging the equation to gain a+b=c form
x^2 + 2x/5 = 1/5
adding (1/5)^2 on both sides
x^2 + 2x/5 + (1/5)^2 = 1/5 + (1/5)^2
(x + 1/5)^2 = 1/5 + 1/25
(x + 1/5)^2 = 5 + 1 by 25
(x + 1/5)^2 = 6/25
taking square root on both sides
root(x + 1/5)^2 = +/- root(6/25)
x + 1/5 = +/- root6 /5
shifting 1/5 on the other side
x = +/- root6 /5 - 1/5
x = +/- root6 - 1 by 5
x = + root6 - 1 by 5 or x= - root6 - 1 by 5
Answer:
i believe its c
Step-by-step explanation:
