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Question 7 (6 points) You had a 20 year mortgage of $400.000 for five years and made payments of $2,500 per month. Now five years
Question 7 (6 points) You had a 20 year mortgage of $400.000 for five years and made payments of $2,500 per month. Now five years later, the rates remain at 17 = 4.4%, but you have now rented out your basement suite for $800 a month. If you add this to your monthly payment, how much earlier will you pay off your mortgage? Round down to the nearest month Format V BIU
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