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You are awaiting approval of your full amortisation loan worth $860,297. The RBA has announced another increase of interest rates yesterday and you expect the
You are awaiting approval of your full amortisation loan worth $860,297. The RBA has announced another increase of interest rates yesterday and you expect the major banks will pass on the interest rate increase in full. What is the new monthly payment of 28 years loan, if the new interest will be 5.9% per annum? Please rounded your answer to two decimal points (e.g. 8000.158 is rounded to 8000.16)
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