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1 5 points A 30-year mortgage for $145,000 at an interest rate of 6.5% has a monthly payment of $916.50. Suppose after 12 years of
1 5 points A 30-year mortgage for $145,000 at an interest rate of 6.5% has a monthly payment of $916.50. Suppose after 12 years of making the minimum payment, you want to refinance. Find the unpaid balance of the loan. (Hint: If you've made 12 years of payments, there are 30-12=18 years of payments left to make, so N=18*12=216.) Type your answer... 2 Dod 5 points A 30 year mortgage for $145,000 at an interest raterof 6.5% has a monthly payment of $916.50. If you pay an extra $250 a month towards the loan, when will the loan be paid off (in years)? (Round to 2 decimal places.) Type your answer... Site
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