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Question 9 Your bank offers you a $60,000 mortgage loan at an APR of 5.45% compounded monthly. If you make monthly payments of $1250, how

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Question 9 Your bank offers you a $60,000 mortgage loan at an APR of 5.45% compounded monthly. If you make monthly payments of $1250, how many months will it take you to pay off the loan? (If you're using a Financial Calculator, remember to either negate the payment or negate the present value) 54.27 47.32 Cc Can Not Be Determined 5.17

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