Multiple Choice
Emma is buying a house and the mortgage terms are 30 years,monthly payments.If the interest rate is 6% (APR) ,the loan is $200,000 loan,but Emma will make $300 a month in addition to the required payment,what will the life of the loan be?
A) 220 months
B) 360 months
C) 290 months
D) 185 months
Correct Answer:
Verified
Correct Answer:
Verified
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