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Emily wants to buy a house and is comfortable with monthly payments of no more than $1,650. Emily picks a small lakeside home with a

Emily wants to buy a house and is comfortable with monthly payments of no more than $1,650. Emily picks a small lakeside home with a mortgage of $147,500.00 and an interest rate of 5% compounded semi-annually.

If Emily makes monthly mortgage payments of $1,650, how long will it take to pay off her mortgage? Answer must be provided in years and months.

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