The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 O 309 O 308

The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 O 309 O 308

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 14P

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The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years.
How many months will it take you to pay off the mortgage if you make an extra $65
payment per month? (Round to the nearest whole number).
312
329
309
308

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