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Ngoctran16:
Determine the monthly repayments needed to repay a $50 000 loan that is paid back over 25 years when the interest rate is 9% compounded annually. Calculate the increased monthly repayments needed in the case when (a) the interest rate rises to 10%; (b) the period of repayment is reduced to 20 years.
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TETSXPREME:
Welcome To Questioncove This should help https://edfinancial.com/TOOLS/Loan-Repayment-Calculator
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