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You took out a 30-year, $500,000.00 mortgage at 5.00% annual interest. How many months will it take to pay down the mortgage principal to $400,000.00
You took out a 30-year, $500,000.00 mortgage at 5.00% annual interest. How many months will it take to pay down the mortgage principal to $400,000.00 if your monthly payment is $2,909.66?
Please use excel functuions to calculate
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