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Will has a 31-year mortgage on a $130,000 loan for his house in Florida. The interest rate on the loan is 7.2% per year (nominal

Will has a 31-year mortgage on a $130,000 loan for his house in Florida. The interest rate on the loan is 7.2% per year (nominal interest), payable monthly at 0.6% per month. a. What is Will's monthly payment? b. If Will doubles his payment from Part (a), when will the loan be completely repaid? a. The monthly payment is s(Round to the nearest dollar.)

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