Hilary decided to purchase 3 points in order to lower her interest rate on her $140,000 mortgage. how much additional money does she need to bring to closing? a. $4200 b. $4000 c. $6 d. $400

  A.  $4200

Step-by-step explanation:

A "point" is 1% of the loan value, so the cost of 3 points is ...

  0.03 × $140,000 = $4,200

Hilary must bring an additional $4200 to closing.

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500

$5.41

step-by-step explanation:

$20 - $14.51 = $5.49.