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Tony and Vanessa just bought their first home and have taken out a mortgage for...

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Tony and Vanessa just bought their first home and have taken out a mortgage for $400,000 with a 25-year amortization, monthly payments and an interest rate of 6% for the first five-year term. If interest rates remain the same for the next 25 years, after how many payments will they have paid off one-half of the initial mortgage? 201 Not enough information 101 O 150 99

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