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24 January, 16:57

Thomas has purchased a $129,000 home with a 30-year mortgage at 5.25%.

He can make a monthly payment of $1050. If he were to make this payment

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

A. 217 months

B. 197 months

c. 177 months

D. 222 months

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Answers (1)
  1. 24 January, 20:05
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    Answer: 177 months
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