Question: A couple buys a $160000 home, making a down payment of 21%. The couple finances the purchase with a 15 year mortgage at an annual

A couple buys a $160000 home, making a down payment of 21%. The couple finances the purchase with a 15 year mortgage at an annual rate of 3.15%. Find the monthly payment. $882.04 is correct If the couple decides to increase the monthly payment to $900, find the number of payments.

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