You have a 20-year, $225,000 mortgage at 4% interest. What is the amount of your mortgage prepayment if you pay $1,700 as your second mortgage payment? Assume your first payment was the agreed upon amount.
A) $301.93
B) $318.25
C) $328.30
D) $336.54
E) $349.65
Correct Answer:
Verified
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