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You just bought a home for $250,000 and are scheduled to make monthly payments of $1,834.41 for 30 years at 8% APR. Suppose you add

You just bought a home for $250,000 and are scheduled to make monthly payments of $1,834.41 for 30 years at 8% APR. Suppose you add $298.44 each month to the $1,834.41 house payment, making your monthly payment $2,132.85. This extra amount is applied to the principal. How long will it take you to pay off your loan of $250,000?

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