Question: Question 7 Consider a mortgage ( or annuity ) with a fixed interest rate of 6 % and a constant monthly payment of $ 7

Question 7
Consider a mortgage (or annuity) with a fixed interest rate of 6% and a constant monthly payment of $719.46. If the current value is $54,747.51, how many
years will it take to fully amortize to a zero balance?
5 years
6 years
7 years
8 years
9 years
Question 7 Consider a mortgage (or annuity) with a fixed interest

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