You have a 25-year,$300,000 mortgage at 3.5 percent interest.What is the amount of your mortgage prepayment if you pay $1,725 as your second mortgage payment? Assume your first payment was the agreed upon amount.
A) $204.93
B) $212.25
C) $223.13
D) $231.54
E) $246.65
Correct Answer:
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