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Question 11 A fully amortizing mortgage loan is made for $225,000 at 6 percent interest for 30 years. The borrower now chooses to reduce the

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Question 11 A fully amortizing mortgage loan is made for $225,000 at 6 percent interest for 30 years. The borrower now chooses to reduce the loan balance by $5,000 at the end of year 8. What will be the new loan maturity assuming that loan payments are not reduced? 251 months O 221 months 0 191 months O 161 months Question 12

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