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A mortgage of $166,000 is to be repaid by making payments of $1020at the end of each month. If interest is 4.86% per annum compounded

A mortgage of $166,000 is to be repaid by making payments of $1020at the end of each month. If interest is 4.86% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months).

The term of the mortgage is ? year(s) and ? month(s).

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