A conventional fixed-rate 6.5% mortgage has an original maturity of 30 years, required monthly mortgage payments of $632
Posted: Sun Jun 05, 2022 7:28 am
A conventional fixed-rate 6.5% mortgage has an original maturity
of 30 years, required monthly mortgage payments of $632.07, and an
initial balance of $100,000. The loan will be paid off in ___
months if the borrower pays $100 in addition to the required
payment each month. If your answer includes a decimal, round up to
the next month.
of 30 years, required monthly mortgage payments of $632.07, and an
initial balance of $100,000. The loan will be paid off in ___
months if the borrower pays $100 in addition to the required
payment each month. If your answer includes a decimal, round up to
the next month.