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when paying off a home mortgage, extra principal payments may have a dramatic impact on the time needed to pay off the mortgage. Create an

when paying off a home mortgage, extra principal payments may have a dramatic impact on the time needed to pay off the mortgage. Create an amortization schedule for a $200,000 thirty-year mortgage with a 6% APR. After the fifth year, add an extra $100 to each monthly payment. When is the loan paid off?

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