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New Scenario II. Following from Q3 where 48 monthly repayments have been made, the lender decides to alter the interest rate charged such that the

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New Scenario II. Following from Q3 where 48 monthly repayments have been made, the lender decides to alter the interest rate charged such that the effective monthly rate is now 0.2% higher than the original rate. Other things being equal, calculate the revised amount of fixed repayment for the remaining repayments (i.e., from the 49th repayment to the last repayment)

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