When sarah jean purchased her house 12 years ago she took


Question: When Sarah Jean purchased her house 12 years ago, she took out a 30-year mortgage for $220,000. The mortgage has a fixed interest rate of 6 percent compounded monthly. (A) compute Sarah Jean's monthly mortgage payments. (B) if she wants to pay off her mortgage today, for how much should she wrote a check? She made her most recent mortgage payment earlier today.

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