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Say you bought a house for $325,000 with 20% down, and financed it from a bank for a 15-year term at 3.25% interest per year

Say you bought a house for $325,000 with 20% down, and financed it from a bank for a 15-year term at 3.25% interest per year compounded monthly. If you paid an extra $900 every year (end of 12th month) along with the regular month-end payments, which will be true from the following?

A- You will be able to cut off 72 payments from the loan.

B- You will have to make 170 payments of $1,826.94

C- You will have to make 171 monthly payments of $1,826.94, $900 yearly payments for 14 years, and make a 172nd payment at the end of the 172nd month of $402.37.

D- None of the above are true.

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