A 30-year mortgage of $171,537.90 at 4.8% interest compounded monthly has monthly payments of $900. After how

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A 30-year mortgage of $171,537.90 at 4.8% interest compounded monthly has monthly payments of $900. After how many months will the amount applied to the reduction of the debt be more than twice the amount applied to interest?

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Finite Mathematics And Its Applications

ISBN: 9780137616619

13th Edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons

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Question Posted: Jan 30, 2023 07:43 AM

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A 30-year mortgage of $171,537.90 at 4.8% interest compounded monthly has monthly payments of $900. After how

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