Question
A conventional fixed-rate 6.5% mortgage has an original maturity of 30 years, required monthly mortgage payments of $632.07, and an initial balance of $100,000. The
A conventional fixed-rate 6.5% mortgage has an original maturity of 30 years, required monthly mortgage payments of $632.07, and an initial balance of $100,000. The loan will be paid off in ___ months if the borrower pays $100 in addition to the required payment each month. If your answer includes a decimal, round up to the next month.
- A. 360
- B. 278
- C. 250
- D. 227
- E. 185
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Ziglar On Selling The Ultimate Handbook For The Complete Sales Professional
Authors: Zig Ziglar
1st Edition
0785288937, 978-0785288930
