Teachers' Federal Credit Union offers a 3.25%, 10-year mortgage. Moira wants to borrow $380,000 and "purchase" enough negative points to eliminate her $14,000 closing costs. Each negative point reduces the closing costs by 1% of the principal and increases the APR by 0.135%.
a. How many points will she need?
b. What will her new APR be?
c. What is the breakeven time for Moira’s loan?

c is the answer

step-by-step explanation:

throw the computer

step-by-step explanation:

the answer is a beach is the best place to be

1. sometimes

2.   never

3   .08c = 7.50+.05c   250 pages

step-by-step explanation:

1.   sometimes

the theoretical probability of rolling a 1 is 1/6.   perhaps you got really lucky and never rolled a 1   in those 60 times.   your experimental probability is 0.   or perhaps you rolled a 1   20 times.   your experimental probability is 20/60 is 1/3.     it really just depends on how you rolled in that experiment.

2.   never

the probability of the event occurring is 1.   that is being 100 % sure it will happen.   that is the maximum amount of confidence we have.

3.   no customer card cost:   .08 times number of pages

customer card cost:   7.50 + .05 times number of pages

we want to find when it costs the same amount, so we will set these equal

let c = number of pages

.08c = 7.50+.05c

subtract .05c from each side

.08c-.05c = 7.5+.05c-.05c

.03c=7.5

divide each side by .03

.03c/.03 = 7.5/03

c =250  

the cost is the same at 250 pages