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:
3^-5
Step-by-step explanation:
Whenever you multiply exponents, you add the values. Negative two plus negative three results in an answer of negative five. This will be the power. You will end up with 3^-5 as your answer.
Answer:
$38
Step-by-step explanation:
cost of ticket for adult = $22
cost of ticket for youngster = $16
______________________________
cost of ticket for John's mom = $22 as she is adult
cost of ticket for john = $16 as he is young , his age is less than 18 years
Total cost of ticket for John and his mother = $22 + $16 = $38
Answer:
50
Step-by-step explanation:
Add all of the numbers and divide by the number of columns. Ex.
48+49+50+51+51= 250
250÷5= 50
Answer: 12.4 cm
Step-by-step explanation:
Since we are given the volums, we can work our way backwards to solve for radius, and then for diameter.
Now that we have r, we multiply it by 2 to get diameter.
2×6.2=12.4
