Question: 1 0 . Alternatively you can only afford a $ 1 2 0 0 per month payment. How many months ( round up ) does

10. Alternatively you can only afford a $1200 per month payment. How many months (round up) does it take to save money that lowers the amount borrowed allowing a monthly payment of $1200. What is the new borrowed amount that will be repaid in 30 years with equal $1200 monthly payments at 6% compounded monthly interest rate?

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