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Mackenzle Roth has a 30 year, 4.75% mortgage on his home. The current monthly payments for the mortgage, which has a current balance of $170,000,
Mackenzle Roth has a 30 year, 4.75% mortgage on his home. The current monthly payments for the mortgage, which has a current balance of $170,000, are $1,019.24 per month. He can now afford a $1,300 monthly payment. How long would it take him to pay off his mortgage by making a $1,300 monthly payment? Multiple Choice 150.7 months 149.9 months 184.5 months 183.5 months
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