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A fully amortizing mortgage is made for $100,000 at 6.5 percent interest. Required: If the monthly payments are $1,000 per month, when will the loan
A fully amortizing mortgage is made for $100,000 at 6.5 percent interest.
Required:
If the monthly payments are $1,000 per month, when will the loan be repaid? (Roundup your answer to the nearest whole number.)
Please provide answer in months.
Answer is not 144 months.
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