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2. Jacqui has already saved $575,000 as a deposit for a new waterfront villa in the Hamptons. It will cost her a total of $3.5

2. Jacqui has already saved $575,000 as a deposit for a new waterfront villa in the Hamptons. It will cost her a total of $3.5 million to purchase this property. She plans to borrow the rest from CityGroup over 15 years at a rate of 3.2% p.a. compounding monthly. What would be Jacqui's monthly repayments?

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