# MATH

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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 -

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