Question: Olivia recently bought a house for $ 3 5 5 , 0 0 0 using a 1 0 year home loan with 4 . 2

Olivia recently bought a house for $

355, 000

using a

10

year home loan with

4.25 %

interest rate. She used

15 %

of the amount towards the downpayment and took loan for the balance amount. How many months sooner she can payoff the entire loan if she decides to make an additional payment of $

125

every month?

Group of answer choices

approximately

6

months

approximately

9

months

approximately

4

months

approximately

13

months

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