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You are looking to buy a home with an asking price of $450,000. since the market is hot, you plan to put in an offer

You are looking to buy a home with an asking price of $450,000. since the market is hot, you plan to put in an offer for the full price. You also plan to put down a $90,000 down payment in finance. the remainder. your bank is offering you a 30-year loan at 3% APR compounded monthly. suppose you pay the bank $2,200 each month rather than making the required payment, calculate the number of months it will take to pay off the loan.

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