Question

How long pay off mortgage of 159000 at 5.05% with payment of 1300 a month

Answer 1

Answer: 129 Months

Explanation:

159000/1300= 122.31 months

159000*0.0505=8,029.5

8.029.5/1300=6.18 months

122.31+6.18=128.49

you must round up to 129 months.

Also, the question is vague I think.

Answer 2

APEX 173 MONTHS

Explanation:

hope this helps