Mortgage Payoff Chart To access this chart, go to the Student Edition of the textbook's Connect. In the navigation bar, select "Chapter 13" in the drop-down box. In the list of resources for Chapter 13, select "Links in Textbook" and then click on the link named "Mortgage Payoff Chart." Over the full amortization period, the chart plots graphs of both the mortgage balance and the cumulative interest paid. Note the "Definitions" section below the chart. You can select from a variety of accelerated payment and prepayment options. If you eater a nun-zero "Prepayment amount," the chart presents additional graphs for the balance and cumulative interest under the prepayment plan. (Round prepayment amounts to the nearest dollar before entry.) These graphs enable you to see how much the prepayments reduce both the cumulative interest cost and the time required to pay off the loan. Use this chart (and its associated report) to answer the following problem. A $225,000 mortgage loan with an amortization period of 25 years carries interest at 5.5% compounded semiannually for a five-year term. At the end of the term, the borrower made a one-time prepayment of $10,000. If the interest rate does not change for the remainder of the loan, how much is the amortization period shortened as a result of the prepayment?