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Using the formula, calculate the fortnightly repayments for the first three years on a home loan worth $670,000 where the fixed interest rate is 3.89%

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Using the formula, calculate the fortnightly repayments for the first three years on a home loan worth $670,000 where the fixed interest rate is 3.89% per annum and the monthly repayments are made fortnightly.

CF PVA n = - X i [i-dol 1 (1 + i)" 1

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