Farzana refinances her loans for a reduced interest rate before she begins to pay them off. The
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Farzana refinances her loans for a reduced interest rate before she begins to pay them off. The total of her refinanced loan is \(\$ 39,447.50\). The new interest rate is \(6.99 \%\). How much are Farzana's payments if she has a 10 -year term on this loan?
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