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A $150,000 mortgage at 3.5% compounded semi-annually with a 20 year amortization requires monthly payments. How much will the amortization period be shortened by if

A $150,000 mortgage at 3.5% compounded semi-annually with a 20 year amortization requires monthly payments. How much will the amortization period be shortened by if a prepayment of $13,000 is made at the end of the fourth year?

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