You have a 30-year, $160,000 mortgage. The interest rate is 4.75%. If you decide to pay $1,000 as your first payment, by

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answerhappygod
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You have a 30-year, $160,000 mortgage. The interest rate is 4.75%. If you decide to pay $1,000 as your first payment, by

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You have a 30-year, $160,000 mortgage. The interest rate is4.75%. If you decide to pay $1,000 as your first payment, by howmuch will you prepay your mortgage?
Multiple Choice
$175.03
$834.64
$165.36
$179.00
$170.39
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