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You are buying a house for $150,000. With a 20% down payment, the lender will finance the remainder of the purchase price with a 30

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You are buying a house for $150,000. With a 20% down payment, the lender will finance the remainder of the purchase price with a 30 year CPM with bi-weekly payments at 6.125% annual rate. (hint: there are 52 weeks in one year) If at the end of year 5 you made one payment of $20,000 in addition to the regular bi-weekly payment, approximately how payments will it take thereafter to pay off the loan if you keep making the same payment? many 438 383 402 362 O O O

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