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You just bought a home for $ 2 5 0 , 0 0 0 and are to make monthly payments of $ 1 , 8
You just bought a home for $ and are to make monthly payments of $ for years at APR. Suppose you add $ each month to the $ house payment making your monthly payment $ This extra amount is applied to the principal. How long will it take you to pay off your loan of $ Use a calculator to determine your answer.
A It will take under years.
B It will take slightly over years.
C It will take about years.
D It will take slightly over years.
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