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You wish to borrow $650,000 in the form of an interest-only home loan with a term of 25 years. The interest rate is 4.8% pa

You wish to borrow $650,000 in the form of an interest-only home loan with a term of 25 years. The interest rate is 4.8% pa compounding monthly and is not expected to change. What will be your monthly payments?

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