A $100,000 mortgage at 8.5% over thirty years has a monthly payment of $768.91. After the borrower makes twenty-three regular payments he makes an additional principal payment with the 24^thpayment,sending the bank a total of $1,500. How many more $768.91 payments will be necessary to completelyamortize the mortgage?

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The Answer of A $100,000 mortgage at 8.5% over thirty years has a monthly payment of $768.91. After the borrower makes twenty-three regular payments he makes an additional principal payment with the 24^thpayment,sending the bank a total of $1,500. How many more $768.91 payments will be necessary to completelyamortize the mortgage?

A $100,000 Mortgage at 8