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Margaret bought a house using a mortgage loan of $240,000 issued for 15 years at 6.25% per year on February 1, 2021. Her first payment
Margaret bought a house using a mortgage loan of $240,000 issued for 15 years at 6.25% per year on February 1, 2021. Her first payment was March 1, 2021. On September 30, 2021, she will have made seven payments of $2,057.81, have 173 payments remaining, and have a remaining mortgage balance of $234,256.20. How many more months will Margaret have to pay if she increases her monthly payment by $750 to $2,807.81? 0 120 months 125 months 115 months 110 months 130 months
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