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Can someone can explain me this exercise with detail please !! You have decided to refinance your credit. You are currently paying 1000 per month.

Can someone can explain me this exercise with detail please !! You have decided to refinance your credit. You are currently paying 1000 per month. The credit had an initial term of 30 years. The credit started 5 years ago and you have just made a payment. The proportional annual rate is 3.6%. How much should you borrow today to refinance your credit?

Please help !

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