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The Thomas's will take the full 30 years to pay off their loan, since they are making only the required payments. The Jefferson's extra payment

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The Thomas's will take the full 30 years to pay off their loan, since they are making only the required payments. The Jefferson's extra payment amount, on the other hand, will allow them to pay off their loan more rapidly. Use the Years mini financial calculator of the Financial Toolbox spreadsheet to calculate the approximate number of years (nearest 10th) it would take the J effersons to pay off their loan

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