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24 August, 02:43

Irwin purchased a $195,000 home with a 30-year mortgage at

5.55%. If makes a $1500 monthly mortgage payment, how

many months early will he pay off his mortgage?

A. 224 months

B. 127 months

C. 136 months

D. 160 months

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Answers (1)
  1. 24 August, 04:36
    0
    C. 160 months because $195,000/$1500+30 = 160
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