150. Adding a small amount to your monthly home mortgage payment will shorten the life of your...

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150. Adding a small amount to your monthly home mortgage payment will shorten the life of your loan.

Adding $10 per month to your $540 monthly mortgage payment will trim how many months from a 30 year, 5%

mortgage of $100,000? Select the closest answer. (4.7)

(a) 25 months

(b) 19 months

(c) 13 months

(d) 6 months

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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