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A 20-year fully amortising mortgage loan with a fixed interest rate of 2% and monthly repayments was made 10 years ago for 200,000. Now the

A 20-year fully amortising mortgage loan with a fixed interest rate of 2% and monthly repayments was made 10 years ago for 200,000. Now the borrower makes a one-time mortgage repayment of 40,000. The new monthly repayment is closest to (a) 571 (b) 624 (c) 644 (d) 701

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