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You have acquired a $115,000 mortgage at 7.125%, for 30 years. If you make a triple payment on the first anniversary of the mortgage, and
You have acquired a $115,000 mortgage at 7.125%, for 30 years. If you make a triple payment on the first anniversary of the mortgage, and then make the required payments from then on, how many fewer mortgage payments will you make than if you just paid your required amount for the life of the loan.
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