How long does it take to pay off the mortgage

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Reference no: EM13838697

A 30-year mortgage for $95,000 is issued at a 9% nominal interest rate.

A: What is the monthly payment?

B: How long does it take to pay off the mortgage, if $1,000 per month is paid?

C: How long does it take to pay off the mortgage, if double payments are made?

Reference no: EM13838697

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