Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635250 with a 7.35% interest rate. They purchased 2 points and their rate is now 6.925%. Factoring in the cost of points when is the break-even point on their mortgage

take the logarithm of both sides (the base of the log doesn't matter):

apply the exponent property - this says that :

distribute the log terms on both sides:

group like terms together:

divide through both sides by the coefficient on :

you can do some additional rewriting here using the properties of the logarithm to simplify things if you like:

step-by-step explanation:

(3rd option) - c

the answer is d

step-by-step explanation:

you can also use mathway to get you answer + steps