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Suppose you take out a 30-year mortgage for $100,000 with annual payments. The 1 interest rate on the mortgage is 800, when you have paid

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Suppose you take out a 30-year mortgage for $100,000 with annual payments. The 1 interest rate on the mortgage is 800, when you have paid offhalf the mortgage, so that the value of the remaining payments is reduced to $50,000, how many more payments need to be made? A) Approximately 15 payments C) Approximately 12 payments B) Approximately 8 payments D) Approximately 20 payments

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