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The Hardings are buying a new 4-bedroom house in AlburyWodonga, and will borrow $337 000 from Westpac at a rate of 8.375 per cent per

The Hardings are buying a new 4-bedroom house in AlburyWodonga, and will borrow $337 000 from Westpac at a rate of 8.375 per cent per annum for 25 years. What is their monthly loan repayment? Prepare an amortisation schedule using Excel. Assume interest compounds monthly.

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