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Consider a $180000 30-year fixed-rate mortgage with a nominal interest rate of 6%. suppose that after paying the first 12 monthly payments, the borrower decides

Consider a $180000 30-year fixed-rate mortgage with a nominal interest rate of 6%. suppose that after paying the first 12 monthly payments, the borrower decides that she cannot pay more than $900 per month. determine the number of months necessary to pay off the mortgage.

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