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Westpac bank is offering a 25-year fully amortising home loan at a nominal interest rate of 7.5% p.a. compounded semi-annually. If you can afford to
Westpac bank is offering a 25-year fully amortising home loan at a nominal interest rate of 7.5% p.a. compounded semi-annually. If you can afford to make semi-annual payments of $1,500. How much can you borrow today? Round your answer to two decimal places.
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