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Question 6 continued Her second option is to borrow $250 000 now at the same interest rate and pay it back in monthly repayments over

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Question 6 continued Her second option is to borrow $250 000 now at the same interest rate and pay it back in monthly repayments over 15 y This table shows the of $1 for periods between 176 and 183 months. for different Months st Rate per month 0156 020% 125%% 0.30% 035% 0.40 176 154.5830 148 2363 131 2338 126.1755 137 155.3500 126.664 178 156 179 182 1594 183 159 Use the table to find the monthly repayment necessary to pay off the loan of $250 090 in fifteen years. Based on your answers to Fwhich option would cost Jamic-Les less year in payments Outline one other lacto would consider when comparing these options

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