Janice is looking to buy a vacation home for $185,000 near her favorite southern beach. The formula

Janice is looking to buy a vacation home for $185,000 near her favorite southern beach. The formula to compute a mortgage payment, M, is shown below, where P is the principal amount of the loan, r is the monthly interest rate, and N is the number of monthly payments. Janice's bank offers a monthly interest rate of 0.325% for a 12-year mortgage. How many monthly payments must Janice make?

12 years * 12 months per year = 144 mortgage payments