Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If you had a fully amortizing $425,000 mortgage at 3.5%, with a monthly payment of $1,268 - how many years will it take to pay
If you had a fully amortizing $425,000 mortgage at 3.5%, with a monthly payment of $1,268 - how many years will it take to pay off this loan
Please show formula
a. 17.4 | ||
b. 25.5 | ||
c. 30 | ||
306 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started