Question 8 You have been making monthly payments towards your 25-year mortgage loan of 5465,936.67....
80.2K
Verified Solution
Link Copied!
Question
Finance
Question 8 You have been making monthly payments towards your 25-year mortgage loan of 5465,936.67. Your mortgage rate is 5%. Today, the 8th monthly payment is due. If you make an extra one-time payment of $13,000 together with your 8th monthly payment, how many more monthly payments do you need to make to pay off your loan? 028747 more monthly payments 0 295.76 more monthly payments 0265.35 more monthly payments 027641 more monthly payments 262.5% more monthly payments
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.