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(1 point) A $30000 mortgage is being repaid with 30 annual installments at the end of each year, and with the effective annual interest rate
(1 point) A $30000 mortgage is being repaid with 30 annual installments at the end of each year, and with the effective annual interest rate i 0.04. The borrower makes 8 payments and then is temporarily unable to make payments for the next 3 years. Find the revised payment to start at the end of the 12th year if the loan is still to be repaid at the end of the original 30 years. ANSWER-$
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