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A mortgage of $27,877.00 is to be repaid by making payments of $1206.00 at the end of every three months. If interest is 6% compounded

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A mortgage of $27,877.00 is to be repaid by making payments of $1206.00 at the end of every three months. If interest is 6% compounded quarterly, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term is year(s) and month(s)

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