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

how does the y-intercept play a role in graphing a line?
The price of a pair of shoes is $52. The price is 15% lower than last week. What was the price of the shoes last week? Round your answer to the nearest cent.
1. What additional evidence demonstrates that the conflict in Xinjiang is a cultural one?2. To what other categories might the conflict in Xinjiang belong?
The study of the distribution of organisms throughout the world is called
what is a protagonist
A healthcare professional will typically use an index to locate _______ information.
Roots absorb water and_______ from the soil
What is negative 8 over 12?
The nurse understands that a patient on a 1500-kilocalorie diabetic diet should limit her carbohydrate intake to approximately _____ grams per day.
Something to do with farming