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The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes' loan
The second file is for a client named Toomes, who also has a mortgage with the bank. The details you can gather for Toomes' loan are as follows: Current loan outstanding: $655,000 Current monthly repayment: $3800 Next repayment: Due exactly 1 month from now Interest rate on loan: 112 =5.7% Using this information, determine the following: How much interest is Toomes charged for the coming month? Do NOT include a dollar sign in your answer. Answer: What will be Toomes' loan outstanding after 1 month, immediately after the payment due on that day? Do NOT include a dollar sign in your
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