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Will has a 2 5 - year mortgage on a $ 1 2 0 , 0 0 0 loan for his house in Florida. The
Will has a year mortgage on a $ loan for his house in Florida. The interest rate on the loan is per year nominal interest payable monthly at per month.
a What is Wills monthly payment?
b If Will doubles his payment from Part a when will the loan be completely repaid?
a The monthly payment is $
Round to the nearest dollar
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