John will have to make 180 monthly mortgage payments and the first payment was made on January 15,1989.If he makes one payment each month,in what year will John make his last payment?
2003*
180 months is the same as 15 years, so ......
2004
To find the year when John will make his last mortgage payment, we need to calculate the total number of years it will take for him to make 180 monthly payments.
First, let's determine the number of full years represented by 180 monthly payments. Since there are 12 months in a year, dividing 180 by 12 gives us 15. This means John will make 15 full years of payments.
Next, we need to identify the starting year. The first payment was made on January 15, 1989. Therefore, the starting year is 1989.
By adding the 15 full years to the starting year, we can determine the year of John's last mortgage payment.
1989 (starting year) + 15 (number of full years) = 2004
So John will make his last mortgage payment in the year 2004.