Xander takes out a loan for $260000 at an interest rate of 4.8%p.a. compounded monthly. The minimum monthly repayments over 25 years are currently $1489.8.
a. Calculate the outstanding debt after 7 year(s) of minimum payments.
	Calculator input:
	n=n=	Answer
	i=i=	Answer
	PV=PV=	Answer
	PMT=PMT=	Answer
	FV=FV=	Answer
	P/Y=P/Y=	Answer
	C/Y=C/Y=	Answer
		Outstanding debt =		Answer
b. After 7 year(s), Xander transfers the remainder of her loan to a bank charging a home loan interest of 4.4%p.a. compounded monthly.
	(i)	Calculate the new monthly repayment
		monthly payment =		$Answer
	(ii)	How much interest will Xander save? Calculate the balance remaining using your answer from b(i) and the final PMT.
		Total interest saved =			$Answer