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Q5: If you added $100 to the monthly payment on a 30-year, $100,000 fixed-rate loan with a 6.5% rate, how soon would your loan be
Q5: If you added $100 to the monthly payment on a 30-year, $100,000 fixed-rate loan with a 6.5% rate, how soon would your loan be paid off?
Q6: You have just purchased a home and borrowed $250,000, 4.5 percent for 30 years, payable monthly. What is your monthly payment?
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