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Suppose you buy a home and borrow $100,000 using a 30 year mortgage with an annual interest rate of 8.00% (compounded monthy). You recall your

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Suppose you buy a home and borrow $100,000 using a 30 year mortgage with an annual interest rate of 8.00% (compounded monthy). You recall your F1 302 professor taking about how increasing your monthly payment can save you both time and money. You decided to pay 10% more each month than what the fara suggests your payment should be Gven in tw many years will you pay off the loan? O 18.0 28.3 0214 O24.6 - 325

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