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You purchase a 760000$ home with a 25% down payment. The bank approves you for a loan at 3% compounded monthly. Determine the monthly payments

You purchase a 760000$ home with a 25% down payment. The bank approves you for a loan at 3% compounded monthly.

Determine the monthly payments over a 25 year amortization.

If you can contribute 5000$=month to your mortgage, how many years will it take for you to pay o your home?

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