A mortgage loan of $700,000 with mortgage rate of 4% matures in 25 years. If you are the borrower of this loan and you add $300 on top of the scheduled fortnightly (every two weeks) payment, assuming the annual mortgage rate stays the same during the loan period, in how many ears will this mortgage loan be paid off? Note: there are 52 weeks in a year. You must show your calculations or your inputs to Excel or financial calculator.

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