Question: You borrow 2 5 0 , 0 0 0 $ to buy a house. The mortgage rate is 8 . 5 % , it requires

You borrow 250,000$ to buy a house. The mortgage rate is 8.5%, it requires a 5% down payment. The loan period is 20 years. Payments are made Monthly. If you pay 3000$ per month in how many years will you finish paying off the loan?
You borrow 250,000$ to buy a house. The mortgage rate is

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