Kevin's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will be his new rate?

The new rate would be  3.75%

Step-by-step explanation:

Purchasing a point simply implies negotiating for a lower rate of interest, which involves paying 1% of the loan in lieu of 1% interest reduction.

A point implies a reduction in interest rate by 0.25% while 3 points would reduce the interest rate by 0.75%(0.25%*3)

New interest rate=4.5%-0.75%=3.75%

c: y > - 1/6x + 1

step-by-step explanation:

dashed line - meaning this < or > also not equal

solid line - meaning this < or > also equal

your answer is c because y > means up & it's shaded up, but y < means down

hope this ! : )

i need a diagram

step-by-step explanation:

no