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Question 7. Determine manually the monthly repayments needed to repay a $100000 loan if: a) the loan is paid back over 25 years when the

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Question 7. Determine manually the monthly repayments needed to repay a $100000 loan if: a) the loan is paid back over 25 years when the interest rate is 9% compounded annually, b) the period of repayment is reduced to 20 years and the interest rate rises to 10%

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