Question: Please help. Harrigan Technology issues a $420,000, 8%, mortgage note on January 1, 2020. Terms provide for annual installment payments of $61,149, exclusive of taxes

Please help. Harrigan Technology issues a $420,000, 8%, mortgage note on January 1, 2020. Terms provide for annual installment payments of $61,149, exclusive of taxes and insurance. What is the duration of the mortgage?

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