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Posted on Jul 30, 2024

A $ 7 5 , 0 0 0 loan is taken out over a period of 1 5 years, compounding monthly at a rate of

A $

75, 000

loan is taken out over a period of

15

years, compounding monthly at a rate of interest of

2.67 % .

Calculate the total amount that needs to be repaid.

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