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8) You have a 30-year mortgage with 6% annual rate and the principal amount of $250,000. The current monthly payment is $1,498.89. If you pay

8) You have a 30-year mortgage with 6% annual rate and the principal amount of $250,000. The current monthly payment is $1,498.89. If you pay $200 extra per month, how soon can you pay it off?

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