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A $485.000 house is to be purchased for 25% down and monthly payments of $1575 for as long as necessary. If the interest rate on

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A $485.000 house is to be purchased for 25% down and monthly payments of $1575 for as long as necessary. If the interest rate on the mortgage is 2.4% compounded semi-annually, how long will it take to pay off the mortgage (Give your answer in years and months.)

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