150. Adding a small amount to your monthly home mortgage payment will shorten the life of your...
Question:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Engineering Economy
ISBN: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
Question Posted: