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A mortgage loan of $7.8 million is to be paid in 25 years using equal weekly payments and the interest rate is 5.76 percent. What
A mortgage loan of $7.8 million is to be paid in 25 years using equal weekly payments and the interest rate is 5.76 percent. What would be the weekly payment? (use 1 year = 52 weeks)
After 4 years: the interest rate increases by 0.9 percent. What would be the new weekly payment?
Please show workings :)
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