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Exactly five years ago, Tom and Jerry borrowed $715,000 from Westpac to purchase a lovely terrace in Newtown. Since then they have been making monthly

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Exactly five years ago, Tom and Jerry borrowed $715,000 from Westpac to purchase a lovely terrace in Newtown. 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 this loan. How much must they pay now to fully discharge their debt

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