Posted by TRAY on Sunday, August 12, 2012 at 2:26pm.
Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:
Escrow payment
$211.13
Principle and Interest payment
$706.12
Total Payment
$917.25
Current Loan Balance
$112,242.47
Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over.

MATH  Henry, Sunday, August 12, 2012 at 8:51pm
See previous post.
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