Question: A couple buys a $200000 home, making a down payment of 21%. The couple finances the purchase with a 15 year mortgage at an

A couple buys a $200000 home, making a down payment of 21%. The couple finances the purchase with a 15 year mortgage at an annual rate of 2.79%. Find the monthly payment. If the couple decides to increase the monthly payment to $1 100, find the number of payments.

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