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Total amortization schedule of the mortgage

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Tony is considering purchasing a $690,000 home with a 25% down payment. The mortgage rate that Tony will pay is 4.98% and he will have an amortization of 25 years. If Tony chooses to make accelerated bi-weekly payments on his mortgage, approximately how many months will the total amortization schedule of the mortgage be reduced by?

Reference no: EM132815959

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