# The MacLellans originally chose to make payments of $1600 per month on a $138,000 mortgage written at

## Question:

a. If the interest rate does not change, when will they extinguish the mortgage debt?

b. What will be the principal balance at the end of the five-year term?

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**