You just bought a home for $250,000 and are scheduled to make
monthly payments of $1,834.41 for 30 years at 8% APR. Suppose you
add $298.44 each month to the $1,834.41 house payment, making your
monthly payment $2,132.85. This extra amount is applied to the
principal. How long will it take you to pay off your loan of
$250,000?