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You just took a fixed - rate mortgage for $ 2 4 8 , 3 2 5 at 6 . 9 3 % for 3

You just took a fixed-rate mortgage for $248,325 at 6.93% for 30 years, monthly payments, 4 discount points. Before you make any payments you receive a nice raise so you plan to pay an extra $131 per month on top of your normal payment.
How many monthly payments do you have to make at the higher payment to fully amortize the loan?

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