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Assume that your parents plan to buy a house in Brighton, NY. They plan to borrow $275,000 mortgage loan from Key Bank. Assume that the

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Assume that your parents plan to buy a house in Brighton, NY. They plan to borrow $275,000 mortgage loan from Key Bank. Assume that the monthly mortgage loan interest rate is 0.5%. Your parents plan to pay monthly payment of $2084.95. How long will it take your parents to pay back the mortgage loan? A) 15 years B) 18 years OC) 17 years D) 19 years E) 16 years

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