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Fred Mora is interested in purchasing a new home and is comfortable with monthly payments of no more than $2,350. Fred settles on a lovely

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Fred Mora is interested in purchasing a new home and is comfortable with monthly payments of no more than $2,350. Fred settles on a lovely country house with a mortgage of $151,000 and an interest rate of 4% compounded semi-annually. Required: If Fred makes monthly mortgage payments of $2,350, how long will it take to pay off the mortgage

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