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Chapter 7 1. If you had a 6 percent, $300,000 30-year fixed-rate mortgage, how long would it take before you had repaid 60% of the loan balance due? If you paid an extra $200 per month to reduce the principal due on the mortgage, how long would it take to repay 60% of the principal due? In the case where you paid an extra $200 per month, how long would it take to repay the entire loan