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3. Assume the homeowner has made the minimum required monthly payments on the mortgage and 5 years have passed. If the homeowner's income has increased
3. Assume the homeowner has made the minimum required monthly payments on the mortgage and 5 years have passed. If the homeowner's income has increased and he/she decides to increase the monthly payments to $1500, how many months and years will it take to retire the mortgage? Months Years 71.6 months or 5.97 years 73.4 months or 6.11 years 76.4 months or 6.37 years 85.0 months or 7.08 years 104.2 months or 8.68 years EDS-15"?!\
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