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Diego has purchased a $159,000 home with a 30-year mortgage at 5.05%. He can make a monthly payment of $1300. If he were to make this payment each month, how long will it take him to pay off his mortgage?
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Diego has purchased a $159,000 home with a 30-year mortgage at 5.05%. He

can make a monthly payment of $1300. If he were to make this payment each


month, how long will it take him to pay off his mortgage?

User TheForbidden
by
8.0k points

1 Answer

0 votes

Answer:122.3 days

Explanation:

1300÷159,000= 122.3

User Alex North
by
7.9k points
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