A bank offers the following loans: Bank A Bank B
$105,000
30-year fixed
5.875%
1.25 discount points
M = $621.11
$105,000
30-year fixed
6%
0 discount points
M = $629.53

What is the break-even point for the loans? (4 points)
about 7 years
about 10 years
about 13 years
about 16 years

It is bank A and bank B

about 10 years

+25 = x

step-by-step explanation:

here x is the hypotenuse of a right triangle whose legs are 7 and 24.   by the pythagorean theorem, 7² + 24² must equal x²:

x² = 49 + 576 = 625.   thus, x = +√625 = +25 = x

chase is right because he already been to the swings and he know how far it will be to get there

step-by-step explanation: