In what month is half the loan repaid on a $200,000, 9% fixed-rate mortgage with monthly payments

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In what month is half the loan repaid on a $200,000, 9% fixed-rate mortgage with monthly payments that fully-amortizes over 30- years? (Round to the nearest whole month -- i.e., 112.41, rounds to 112 months)

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: May 11, 2024 12:27 PM

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In what month is half the loan repaid on a $200,000, 9% fixed-rate mortgage with monthly payments

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Principles of Accounting

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