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Manuel bought a house with a mortgage of $345,200. The mortgage is being financed with an interest rate of 4.39% compounded monthly. Manuel will make
Manuel bought a house with a mortgage of $345,200. The mortgage is being financed with an interest rate of 4.39% compounded monthly. Manuel will make payments of $1,612. Hint: Use this formula (a) How many payments will Manuel have to make to repay the mortgage? payment(s)
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