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Exactly five years ago, Laverne and Shirley borrowed $715,000 from Eastpac to purchase a lovely terrace in Annandale. Since then they have been making monthly

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Exactly five years ago, Laverne and Shirley borrowed $715,000 from Eastpac to purchase a lovely terrace in Annandale. Since then they have been making monthly loan repayments based on an interest rate of 4.68% p.a. compounding monthly and a loan term of 20 years. They have now sold this property and are required to fully repay the loan. How much must they pay now (to the nearest dollar) to fully discharge their debt? $536,250 $439,407 $469.701 $594,365 $593.266

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