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The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 O 309 O 308

The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 O 309 O 308

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 309 308
Transcribed Image Text:The mortgage on your new home is $195,856. The loan is at 6.5% interest for 30 years. How many months will it take you to pay off the mortgage if you make an extra $65 payment per month? (Round to the nearest whole number). 312 329 309 308
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