livia recently bought a house for $355,000 using a 10 year home loan with 4.25% interest rate. She used 15% of the amount towards the downpayment and took loan for the balance amount. How many months sooner she can payoff the entire loan if she decides to make an additional payment of $125 every month? Group of answer choices approximately 6 months approximately 9 months approximately 4 months approximately 13 months. Please answer fast i give you upvote.

livia recently bought a house for $355,000 using a 10 year home loan with 4.25% interest rate. She used 15% of the amount towards the downpayment and took loan for the balance amount. How many months sooner she can payoff the entire loan if she decides to make an additional payment of $125 every month? Group of answer choices approximately 6 months approximately 9 months approximately 4 months approximately 13 months. Please answer fast i give you upvote.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 27M

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