Thomas has purchased a $129,000 home with a 30-year mortgage at 5.25%.
He can make a monthly payment of $1050. If he were to make this payment
each month, how long will it take him to pay off his mortgage?
A. 217 months
B. 197 months
c. 177 months
D. 222 months
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Home » Mathematics » Thomas has purchased a $129,000 home with a 30-year mortgage at 5.25%. He can make a monthly payment of $1050. If he were to make this payment each month, how long will it take him to pay off his mortgage? A. 217 months B. 197 months c. 177 months D.