Suppose you take out a 30 year mortgage for 275000 at 475


Suppose you take out a 30 year mortgage for $ 275000 at 4.75% interest. The monthly payments on this loan are $ 1434.53.

If you pay an extra 40% per month on your mortgage, how soon will you pay off the loan?

New length in years =

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Financial Management: Suppose you take out a 30 year mortgage for 275000 at 475
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