Which statement about the relationship between the time to pay off the mortgage and the monthly payment is true?

a) If the payment is $1, it takes 225 years to pay off the mortgage.

b) If the payment is $225, it takes 1 year to pay off the mortgage.

c) If the payment is $31.45, it takes 1 year to pay off the mortgage.

d) If the payment is $225, it takes 31.45 years to pay off the mortgage.

Correct Answer: d) If the payment is $225, it takes 31.45 years to pay off the mortgage.