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A lender has approved a 6 - month repayment holiday on a fully amortised constant payment mortgage loan with an outstanding balance of $ 7
A lender has approved a month repayment holiday on a fully amortised constant payment mortgage loan with an outstanding balance of $ and years remaining to maturity. The periodic payments on this loan are monthly and the nominal interest rate is What will the monthly payments be after the repayment holiday, if the borrower decided to not change the date of the loan's maturity? Round your answer to two decimal places.
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