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A mortgage of $ 103,000 is to be repaid by making payments of $ 814 at the end of each month. month. If interest is

A mortgage of $

103,000 is to be repaid by making payments of $814

at the end of each month.

month. If interest is

5.07% per annum compounded annually comma

annually, what is the term of themortgage? State your answer in years and months(from 0 to 11months)

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