Marcie is considering a purchase of a $160,000 home and her bank is

offering her a 5.25% interest rate on a 30-year mortgage with an option of

purchasing points. The bank is requiring a 20% down payment. If she decides

to apply the price of 2 pcints to her down payment instead, what will her

monthly mortgage payment be? Round your answer to the nearest dollar.

O A. $656

O B. $693

O C. $608

O D. $633

you can't solve x because it is 2 linear equation and you only have one equation

you have to put the graph on here with the question

step-by-step explanation:

step-by-step explanation:

part a. the differences are decreasing, so we know the sequence is not arithmetic. the ratios are constant (=3/4), so we know the sequence is geometric.

part b. from part a, we know the common ratio is 3/4, so each term is 3/4 of the one before. the initial term is the number of gallons at h=1.

g[h] = (3/4)·g[h-1]

g[1] = 384 . . . . initial value required for a recursive definition

part c. the general formula for a geometric sequence is

a[n] = a[1]·r^(n-1)

we have a[1] = 384, r = 3/4, and the term number given by h. the formula that follows is

g[h] = 384·(3/4)^(h-1)

part d. filling in the value and doing the arithmetic, we have

g[12] = 384·(3/4)^11 ≈ 384·0.042235136 ≈ 16.2183 . . gallons

part e. each gallon is 4 quarts, so

16.2183 gal × 4 qt/gal = 64.8732 qt