Irwin purchased a $195,000 home with a 30-year mortgage at 5.55%. If makes a $1500 monthly mortgage payment, how many months early will he pay off his mortgage? A. 224 months B. 127 months C. 136 months

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asked Aug 6, 2021 99.5k views

4 votes

Irwin purchased a $195,000 home with a 30-year mortgage at

5.55%. If makes a $1500 monthly mortgage payment, how
many months early will he pay off his mortgage?
A. 224 months
B. 127 months
C. 136 months
D. 160 months

Mathematics
middle-school

Hsming asked

by Hsming

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1 Answer

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C. 160 months because $195,000/$1500+30 =160

N V answered Aug 13, 2021

by N V

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