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You and your brother Peter got a $100,000 30-year fixed-rate mortgage at 8.5%. While you will obtain a 30year mortgage, you plan to prepay the

You and your brother Peter got a $100,000 30-year fixed-rate mortgage at 8.5%. While you will obtain a 30year mortgage, you plan to prepay the mortgage by paying an additional amount per month with your regular payment. What is the additional amount that must you pay per month if you want to pay off the mortgage in 15 years

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