Neil's bank offered him a 4.95% interest rate for his mortgage. If he
purchases 3 points, what will his new rate be?
O A. 0.375%
O B. 4.575%
C. 1.75%
O D. 4.375%

Answers

Answer 1
I honestly think it’s C
Answer 2

Neil's new interest rate after purchasing 3 points would be 7. 95%. The closest option is B. 4.575%.

How to calculate the interest rate?

To calculate the new interest rate after purchasing points, we need to know the cost of one point and the number of points purchased.

One point typically costs 1% of the mortgage amount, so three points would cost 3% of the mortgage amount. The cost of the points is usually paid upfront at closing.

Assuming Neil's mortgage amount is $100,000, the cost of 3 points would be:

3% x $100,000 = $3,000

To calculate the new interest rate, we need to add the cost of the points to the original interest rate and then recalculate it as a percentage:

New rate = Original rate + (Cost of points / Mortgage amount)

New rate = 4.95% + ($3,000 / $100,000)

New rate = 4.95% + 3%

New rate = 7.95%

So, Neil's new interest rate after purchasing 3 points would be 7. 95%. The closest option is B. 4.575%.

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Related Questions

elena walked 12 miles. then she walked 0.25 that distance. how far did she walk all together

Answers

Answer:12.25

Step-by-step explanation:

First you have to figure out what .25 of 12 is. Then you add that to the 12 miles that she already walked. Hope this helps and have a nice day!!!

If I am adding one positive number and one negative number, will the answer be positive or negative? What does it depend on?

Answers

It depends on which number has the greatest absolute value.

Think about it as money

If you owe me $10, this is shown as -10

Now  if I give you back 2 dollars  (+2), How much money do I still owe you.

The equation is -10+2

I still owe you 8 dollars which is portrayed as -8

Hope this helps :)

Solution set of equation x^2-5x=0

Answers

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[tex] {x}^{2} - 5x = 0[/tex]

Factorise x

[tex]x(x - 5) = 0[/tex]

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Hint :

[tex]a \times b = 0[/tex]

[tex]a = 0 \: \: \: \: or \: \: \: \: b = 0[/tex]

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Thus ;

[tex]x = 0 \: \: \: \: or \: \: \: \: x - 5 = 0[/tex]

So :

[tex] x = 0 \: \: \: \: or \: \: \: \: x = 5[/tex]

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CHECK :

[tex]x = 0[/tex]

[tex] {0}^{2} - 5(0) = 0[/tex]

[tex]0 - 0 = 0[/tex]

[tex]0 = 0[/tex]

The solution is correct.

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[tex]x = 5[/tex]

[tex] {5}^{2} - 5(5) = 0[/tex]

[tex]25 - 25 = 0[/tex]

[tex]0 = 0[/tex]

The solution is correct.

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I think A or b will equal 0

Eddie deposits $1090 in an account that earns 6% interest compounded annually for 3 years. What is the total interest earned after 3 years? Round to the nearest cent.
A: 196.20
B: 208.20
C: 1286.20
D: 1298.20

Answers

Answer:

Step-by-step explanation:

Eddie deposits $1090 in an account that earns 6% interest compounded annually for 3 years. What is the total interest earned after 3 years? Round to the nearest cent.

A: 196.20

B: 208.20

C: 1286.20

D: 1298.20

I will give brainliest and give 17 points please help!!

Answers

Answer:

1. New England Patriots: (3,-2)

2. Miami Dolphins: (-2,1)

3. Denver Brancos: (4,3)

4. Green Bay Packers: (-1,3)

5. San Franciso 49ers: (-4,-4)

6. Pittsburg Steelers: (2,2)

7. Baltimore Ravens: (3,1)

8. Dallas Cowboys: (4,-3)

9. Oakland Raiders: (-4,2)

10. Washington Redskins: (-3,-1)

What is the answer to answer to 7m-3m-6<6?

Answers

Answer:

m<3

Step-by-step explanation:

This the answer to the equation.

Q is the midpoint for the points S(11, -6) and T(-1, 10). Find the length of segment QT.
QT=

Answers

Answer:

10

Step-by-step explanation:

QT=ST/2=√(12^2+16^2)/2=10

2-5/6x=-5

what is x
pls show me how to solve it

Answers

x=8.4 work is in the picture box.

Solve the right triangle shown in the figure. (Round your answers to two decimal places.)

Answers

Answer:

Step-by-step explanation:

(3). cos A = [tex]\frac{b}{c}[/tex]

cos A = [tex]\frac{1.77}{17.7}[/tex] = 0.1 ⇒ A ≈ 84.26°

B ≈ 5.74°

C = 90°

a ≈ 17.61

(4). cos 16° = [tex]\frac{79}{x}[/tex] ⇒ x ≈ 82.18 ≈ 82.2 ≈ 82

I'M GIVING BRAINLIEST
I just need help with the equation, you don't have to solve it
it needs to be an inequality
if you don't know what an inequality look at the other picture below

Answers

Answer: i think that the equation is 6

Step-by-step explanation:

What is the volume of the prism below?
Aw
2
23
units
$3
3. units
5 units 3
A units 3

Answers

Answer:

V = 3.5 m3

Step-by-step explanation:

length l = 1 m

width w = 2 m

height h = 1.75 m

volume V = 3.5 m3

Stephen has a dog that weigths 5 times as much as lan's dog.The total weigths of both dogs is 72 pounds.How much does Stephens dog weigths?

Answers

Answer: Stephens dog weighs 60 pounds

Step-by-step explanation:

50°
(x + 16)




Please help

Answers

Answer:

50o • (x + 16)

Step-by-step explanation:

it stays the same.

What is the slope-intercept equation for the line below?

A) y = 5/4x - 4
B) y = 4/5x - 4
C) y = -4/5x - 4
D) y = -5/4x - 4​

Answers

Answer:

A) y = 5/4x - 4

Step-by-step explanation:

Slope-intercept formula

y = mx + b, where m = slope, b = y-intercept

Slope formula

m = (y2 - y1)/(x2 - x1)

Given points (on the graph)

(0, -4) and (4, 1)

Slope is:

m = (1 - (-4))/(4 - 0) = 5/4

y-intercept is

-4 as per the first point

So the line is:

y = 5/4x - 4

Correct answer option is: A) y = 5/4x - 4

Answer:

it is a very very easy sum!

Step-by-step explanation:

goooooood afternoon

Write an equation of the line passing through the point (4, -2) that is parallel to the line - 3x – 4y = 5.

Answers

Answer:

Step-by-step explanation:

Let's solve for x.

−3x−4y=5

Step 1: Add 4y to both sides.

−3x−4y+4y=5+4y

−3x=4y+5

Step 2: Divide both sides by -3.

−3x

−3

=

4y+5

−3

x=

−4

3

y+

−5

3

Answer:

x=

−4

3

y+

−5

3

I think the answer would be ———— y + 2 = - 3/4 ( x - 4 ) .

So, the line is parallel to - 3x - 4y = 5 and the line passes through the point (4, -2).

So, what I did was I pulled up a graphing site on my Chromebook called DESMOS, maybe you could use this in the future to help you out a little bit.

I then graphed the line of - 3x - 4y = 5 or you could simplify it to y = -3/4x + 5/4 .

The slope of the line is 3/4 . You can find this by taking the points (-15, 10) and (5, -5) and doing this...

m = y2 - y1 divided by x2 - x1 which would look like -5 - 10 divided by 5 - -15 which would simplify to -15 over 20 which would get you a slope of -3/4.

Then you take the formula y - y1 = m( x - x1) and substitute in your variables.

It should look something like this y + 2 = - 3/4 ( x - 4) .

This answer is parallel to -3x - 4y = 5.

I’m sorry, I’m not very good at explaining, but I hope this helps you out.

Systems by elimination:
please help me..ASAP

Answers

Answer:

#1 is no solution and #2 is infinitely many solutions

the first one would be c) (2,-9)
the second one i’m not sure

The cost of renting a boat is $20 plus $2.50 per hour, where x is the number of hours of boat rental. Millie wants to spend less than $50 on the boat rental. Which inequality models this situation?​

Answers

Answer:

D. 20 + 2.50x < 50

Step-by-step explanation:

20 + 2.50x < 50 - the sign has to be less than because Millie wants to spend less than $50

A bus travels at a speed of 40 miles per hour and reaches Hogville in 40 minutes. If a cab takes 35 minutes to reach the same spot, determine the speed at which it traveled.

Answers

Answer:

45.7miles per hour

Step-by-step explanation:

40mins = 2/3 hour

the bus travelled (2/3 x 40) miles = 80/3 miles

the cab took 35 mins (which is 7/12 hour) so it's speed is (80/3)/(7/12) miles/hour = 45.714 miles/hour (5 s.f.)

Factor the expression into an equivalent form.

Answers

Answer: the answer is C.

Step-by-step explanation: factor out 3 from the expression (4y2 -25)

using a2 -b2=(a-b)(a+b), factor the expression. Then your answer is        3(2y-5)(2y+5)

Here you go! Hope this helps!!!!

How do I make someone brainlest?

Answers

Answer:

When 2 people  answers a question you should see a crown and you click  on it and  that is how you marke someone brainlest

Step-by-step explanation:

-6 = 2/3r solve for r

Answers

r=-9


explanation: because

Answer:

r=9

Step-by-step explanation:

The cost of 2 cups of strawberries is $6. Write an equation for the relationship between the cost and cups os strawberries

Answers

Answer:One equation is x=6/2

Hope this helps

Answer:

the strawberrys are worth $3 per cup.

Step-by-step explanation:

s= $6

Jason invests money in an account paying simple interest. He invests $160 and no money is added or removed from the investment. After one year, he has $164.80. What is the simple percent interest per year?

Answers

Answer: 1.03% Explanation: Divide the amount of money after 1 year by his original investment.

Answer:

The answer is 3%

Step-by-step explanation:

1.) $160 divided by $164.80 = 1.03

2.) 1.03 x 100 = 103

3.) 103 - 100 = 3

4.) 164.80 - 160 = 4.80

5.) 4.80 divided by 160 = 0.03

6.) 0.03 x 100 = 3%

Simplify.

5+27÷36+1
If you would please

Answers

Answer:

6.75

Step-by-step explanation:

You can use the calculator or scrap paper, which ever one is easier for you.

Can someone put this into vertex form?
y=x2+24x-15

Answers

Answer:

The vertex form of y = x² + 24x - 15 is y = (x + 12)² - 159

Step-by-step explanation:

The vertex form of the quadratic equation y = ax² + bx + c is

y = a(x - h)² + k, where

a is the coefficient of x²(h, k) are the coordinates of the vertex pointh = [tex]\frac{-b}{2a}[/tex] , where b is the coefficient of xk = y at x = h

Let us use the facts above to solve the question

y = x² + 24x - 15

∵ a is the coefficient of x² and b is the coefficient of x

a = 1 and b = 24

∵ h is the x-coordinate of the vertex point

∵ h = [tex]\frac{-b}{2a}[/tex]

→ Substitute the values of a and b to find h

∴ h = [tex]\frac{-24}{2(1)}=\frac{-24}{2}[/tex]

h = -12

→ To find k substitute y by k and x by h

∵ y = k and x = h

∴ k = (-12)² + 24(-12) - 15 = 144 - 288 - 15

k = -159

∴ The coordinates of the vertex point are (-12, -159)

→ Substitute the values of a, h, and k in the vertex form above

∵ y = 1(x - -12)² + (-159)

→ Remember (-)(-) = (+) and (+)(-) = (-)

y = (x + 12)² - 159

The vertex form of y = x² + 24x - 15 is y = (x + 12)² - 159

Answer:

sure.

Step-by-step explanation:

What is the measure of angle 1?
Write the answer without the degree.

Answers

Answer: 70

90+20=110

180-110=70

I hope this is good enough:

Answer:

70

Step-by-step explanation:

Everything needs to add up to 180. So you have 90 and 20 you will add them and you’ll get 110. Since you want to find the missing measurement you will subtract 180-110 and you’ll get 70. The missing angle is 70. To check: 90+20+70=180

i could use some help on this. thanks

Answers

Answer: is B

Step-by-step explanation:

Answer:

1 to 1?

Step-by-step explanation:

The ratio of Braydon's number of laps he ran to the time he ran is 6:2. The ratio of Monique's number of laps she ran to the time she ran is 104. Explain why these ratios are not in a proportional relationship.​

Answers

Answer:

They are not in a proportional relationship because Monique's number and time isnt a proportion. Instead it is a whole number. Like Braydon's his is 6:2 that is the correct way to write it.

Step-by-step explanation:

The ratio is not proportion.

What is ratio and proportion?

A ratio is an ordered pair of numbers a and b, written a / b where b does not equal 0. A proportion is an equation in which two ratios are set equal to each other.

Given:

The ratio of Braydon's number of laps he ran to the time he ran is 6:2.

The ratio of Monique's number of laps she ran to the time she ran is 10:4.

The simplest for Braydon is = 6/2 = 3/1

and, the simplest form for Monique = 10/4 = 5/2

As, 3/1 ≠ 5/2

So, the ratio is not proportion.

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(WILL GIVE BRAINLIEST TO RIGHT ANSWER) a container holding water is 3/4 full. after pouring out 8 ounces it is half full. How many ounces can it hold? x = # ounces container can hold

Answers

it can hold 32 ounces

Answer:

If x is the number of ounces the container can hold then x = 32

Step-by-step explanation:

The container can hold 32 ounces because if it was 3/4 full and then you poured out 8 ounces then that means there was 2/4 remaining.

Hope this helps!!

convert each terminating decimal to a fraction in its simplest form. A. 0.4 B. 0.625

Answers

Answer:

A. 2/5

B. 5/8

Step-by-step explanation:

0.4 = 4/10 = 2/5

625/1,000 = 125/200 =25/40 = 5/8

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