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26) You are contemplating a loan of $140,000 over 30 years paid monthly at 4.15%. What are your monthly payments? A) $566.77 $455.67 $680.54 $556.89

26) You are contemplating a loan of $140,000 over 30 years paid monthly at 4.15%. What are your monthly payments?

A) $566.77

  1. $455.67
  2. $680.54
  3. $556.89

For the loan in #26, how many months will you cut short your mortgage if you pay an extra $100 per month, every month?

A) About 20 months

B) About 40 months

C) About 60 months

D) About 80 months

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