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You would like to buy a house in Sydney. Westpac bank offers you the loan of $1,250,000 at the rate of 6% p,a, compounded monthly,

You would like to buy a house in Sydney. Westpac bank offers you the loan of $1,250,000 at the rate of 6% p,a, compounded monthly, What is your monthly repayment (Interest plus principal) if the duration of the loan is 25 years

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