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Borrowed: 8 8 6 0 5 9 , interest rate 5 . 9 % . what is the initial fortnightly payment of a 2 5

Borrowed:

886059,

interest rate

5.9 % .

what is the initial fortnightly payment of a

25

year mortgage using the PVA formula. What would the fortnightly payment be in year

6 - 10

if the interest rate increased by

1.5 %

after

5

years using the PVA formula?

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