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4. Your monthly mortgage payment will be $2,998 if you take $500,000 fixed rate loan with a term of 30 years and with APR

4. Your monthly mortgage payment will be $2,998 if you take $500,000 fixed rate loan with a term of 30 years and with APR of 6%. How soon would your be able to fully repay your loan if you increase you monthly payment by 10%? Why?

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