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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?
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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
7.8k points

1 Answer

3 votes

Answer:

217 months

Explanation:

User PratZ
by
7.8k points
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