Ricky has purchased a $157,000 home with a 30-year mortgage at 5.15%. He
can make a monthly payment of $1100. If he were to make this payment each
month how long will it take him to pay off his mortgage?
O A. 197 months
O B. 222 months
O c. 300 months
O D. 212 months
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Home » Business » Ricky has purchased a $157,000 home with a 30-year mortgage at 5.15%. He can make a monthly payment of $1100. If he were to make this payment each month how long will it take him to pay off his mortgage? O A. 197 months O B. 222 months O c.