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Marie Nixon is interested in purchasing a new home and is comfortable with monthly payments of no more than $1,650. Marie settles on a lovely

Marie Nixon is interested in purchasing a new home and is comfortable with monthly payments of no more than $1,650. Marie settles on a lovely country house with a mortgage of $147,500 and an interest rate of 5% compounded semi-annually.

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If Marie makes monthly mortgage payments of $1,650, how long will it take to pay off the mortgage? Please provide your answer in years and months.

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