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Three years ago , you obtained a 1 5 - year mortgage loan of $ 2 0 0 , 0 0 0 . Your monthly
Three years ago you obtained a year mortgage loan of $ Your monthly payment is $ these are end of the month payments Today, the loan balance is $ You want to pay off the loan early than initial maturity date. You want to know how much do you have to add to your monthly payment in order to pay off the loan in years. The APR on the loan is compounded monthly.
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