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Hamed just purchased a home and borrowed $300,000 at a rate of 4%, compounded sem-annually, amortized over 25 years. He opted for monthly payments. If
Hamed just purchased a home and borrowed $300,000 at a rate of 4%, compounded sem-annually, amortized over 25 years. He opted for monthly payments. If he were to switch from monthly payments to accelerated weekly payments, how long would it take him to pay off the loan? A 23.1 years B 21.9 years 22.6 years D 19.6 years
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