John will have to make 180 monthly mortgage payments and the first was made on January 15, 1989. If he makes one payment each month, in what year will John make his last payment?
(a) 2001
(b) 2002
(c) 2003
(d) 2004
(e) 2005

Question

anonymous · Answer

2004: 

180/12=15 years
1989+15=2004

anonymous · Answer

oh wow that was simple but thanks

anonymous · Answer

No problem... It is one of those kinds of problems you can easily over-think.

anonymous · Answer

yeah like at first i thought the 15 was the amount of payments. i didn't realize that it was the amount of years