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A $120,000 mortgage with an interest rate of 4.9 percent compounded semi-annually has a monthly payment of $700.13 for 21.0 years. Calculate the number of
A $120,000 mortgage with an interest rate of 4.9 percent compounded semi-annually has a monthly payment of $700.13 for 21.0 years. Calculate the number of years to pay off the mortgage if payments are made on an accelerated biweekly basis instead of monthly. It will require years to pay off the mortgage if payments are made on an accelerated biweekly basis. (Round to one decimal place.)
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