You took a fixed-rate mortgage three years ago for $95,000 at 6.00% for 30 years, two discount
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You took a fixed-rate mortgage three years ago for $95,000 at 6.00% for 30 years, two discount points. Since your income is now higher you plan to pay an extra $125 per month on top of your normal payment. How many of the new payments are required to repay the loan?
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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