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I 1. A mortgage of $200,000 requires payments of $1395.40 per month at 5.7% compounded quarterly. How long will it take to repay the loan?

I 1. A mortgage of $200,000 requires payments of $1395.40 per month at 5.7% compounded quarterly. How long will it take to repay the loan? What amount of interest does the purchase pay? (7 marks)

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