Register

Ronnie has purchased a $141,000 home with a 30-year mortgage at 5.15%. He can make a monthly payment of $1000. If he were to make this payment each month, how long will it take …

Ronnie has purchased a $141,000 home with a 30-year mortgage at 5.15%. He can make a monthly payment of $1000. If he were to make this payment each month, how long will it take …
228k views
2 votes
Ronnie has purchased a $141,000 home with a 30-year mortgage at 5.15%.

He can make a monthly payment of $1000. If he were to make this payment
each month, how long will it take him to pay off his mortgage?​

User Rkagerer
by
8.9k points

1 Answer

3 votes

Answer:

217 months

Explanation:

User PratZ
by
8.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!