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Determine the years required, after year ten, to retire the mortgage given the following. Initial mortgage is $150,000 Interest rate is 6% per year, compounded

Determine the years required, after year ten, to retire the mortgage given the following.

Initial mortgage is $150,000

Interest rate is 6% per year, compounded monthly

Initial term is 30 years

At the end the first ten years, the payer increases the monthly payment by $100

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