Congratulations! You just purchased your first home with the help of a $250,000, 30 year 3.80% APR
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Question:
Congratulations! You just purchased your first home with the help of a $250,000, 30 year 3.80% APR fixed rate mortgage. Your monthly payments are $1,164.89, but you decide to "round up" your payments each month to $1200. How many payments do you need to make to pay off your mortgage (include the final payment which may be less than $1200)?
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