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6 . You are the current owner of a house which you bought yesterday for 5 0 0 K while having 1 0 0 K

6. You are the current owner of a house which you bought yesterday for 500K while having 100K of your own equity to put down. You have a 25 year mortgage payable monthly and which costs you $2024 a month. What is the duration of your mortgage?
A)0.3
B)3.6
C)11.19
D)28.79
E) Cannot be computed with the information provided

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