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A couple buys a $170,000 home, making a down payment of 22%. The couple finances the purchase with a 15 year mortgage at an annual
A couple buys a $170,000 home, making a down payment of 22%. The couple finances the purchase with a 15 year mortgage at an annual rate of 2.93%. Find the monthly payment.
If the couple decides to increase the monthly payment to $1,000, find the number of payments.
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