Lucy is borrowing $330,000.00 to purchase a house with a thirty-year mortgage with an APR of 4.00%. If she pays $1,580.00 each month, how many months will it take her to reduce the balance to $85,000.00? Round your answer up to the nearest month.

Lucy is borrowing $330,000.00 to purchase a house with a thirty-year mortgage with an APR of 4.00%. What would her balance be after 9 years if she pays $1,600.00 each month?

Lucy is borrowing $330,000.00 to purchase a house with a thirty-year mortgage with an APR of 4.00%. What monthly payment does she need to make to reduce the balance to $260,000.00 in 10 years?

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Question 1 To calculate how many months it will take Lucy to reduce the balance of her mortgage to 8... View the full answer