If ashley chooses to pays an additional 85 with each


Ashley has just signed a 15-year, fixed-rate mortgage for $110,000 with a nominal annual rate of 5.5%.

If Ashley chooses to pays an additional $85 with each monthly mortgage payment, how fast will the mortgage be paid off?

Solution Preview :

Prepared by a verified Expert
Financial Management: If ashley chooses to pays an additional 85 with each
Reference No:- TGS01557727

Now Priced at $5 (50% Discount)

Recommended (95%)

Rated (4.7/5)