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    Mortgage Timeline

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    You currently have a four-year-old mortgage outstanding on your house. You make monthly payments of $1500. You have just made a payment. The mortgage has 26 years to go (i.e., it had an original term of the years).

    Show the timeline from your perspective.

    How would the timeline differ if you created from the bank's perspective?

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    Solution Summary

    Solution provides a timeline of mortgage payments.