christisamazing5145 christisamazing5145
  • 03-06-2020
  • Mathematics
contestada

If one discount point costs the borrower 1% of the loan amount and increases the lender's yeild by ⅛ of 1 percent how many discount points must be purchased to lower the interest rate by 1 percent

Respuesta :

CognitiveFunction
CognitiveFunction CognitiveFunction
  • 06-06-2020

Answer:

He has to buy 8 of course

Step-by-step explanation:

Answer Link

Otras preguntas

10u + 7 = 8 ( 2u - 4 ) - 9
A light plane flew from its home base to an airport 255 miles away. With a head wind, the trip took 1.7 hours. The return trip with a tail wind took 1.5 h
What were the 4 major truths Jefferson presented in the declaration of independence?
3 ( 4d + 1 ) - 9d = 6 - 2d
What were the 4 major truths Jefferson presented in the declaration of independence?
what are three ways water erodes the surface of earth
A snowball is launched horizontally from the top of a building at v = 16.9 m/s. If it lands d = 44 meters from the bottom, how high (in m) was the building?
how have computers changed mapmaking in recent years
2 ( 4a - 12 ) + 3a = 6a + 1
10u + 7 = 8 ( 2u - 4 ) - 9