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A $140,000 mortgage at 3.6% compounded semi-annually with a 25 year amortization requires monthly payments. How much will the amortization period be shortened if a

A $140,000 mortgage at 3.6% compounded semi-annually with a 25 year amortization requires monthly payments. How much will the amortization period be shortened if a prepayment of $12,000 is made at the end of the fifth year

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