Solve the Problem $\left( - \frac { 3 } { 5 } , - \frac { 11 } { 5 } \right)$

question 110

Multiple Choice

Solve the problem.
-Find the point on the line x - 3y = 6 that is closest to the origin.

• A) \(\left( - \frac { 3 } { 5 } , - \frac { 11 } { 5 } \right)\)
• B) \(\left( \frac { 9 } { 5 } , - \frac { 7 } { 5 } \right)\)
• C) \(\left( - \frac { 9 } { 5 } , - \frac { 13 } { 5 } \right)\)
• D) \(\left( \frac { 3 } { 5 } , - \frac { 9 } { 5 } \right)\)

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Definitions:

Troubled Debt Restructuring

A process where the terms of a debt are modified due to the debtor's financial difficulties to provide relief.

Stated Interest Rate

The interest rate that is agreed upon in the loan document, which does not account for compounding.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Impaired Note

A note receivable that has a reduced likelihood of being collected in full due to deterioration in the financial condition of the borrower.