Pay of the mortgage


Six years ago you bought a home by financing $300000 for 25 years, paying monthly payments of $880.23 with a monthly interest of 2%. You have made 72 payments and wish to know how much you owe on the mortgage, which you are considering paying off with the lottery money you just won. How much money do you need to have won to pay of the mortgage?

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Basic Statistics: Pay of the mortgage
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