Question: How long would it take to pay off a $150,000 fixed-rate, fixed-payment home mortgage loan (FRM) with equal end-of-month payments of $1,200 and a 3.3%
How long would it take to pay off a $150,000 fixed-rate, fixed-payment home mortgage loan (FRM) with equal end-of-month payments of $1,200 and a 3.3% annual contract interest rate (APR)? What about a $125,000 FRM with unchanging end-of-month payments of $437.50 and a 4.2% annual contract interest rate (APR)?
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