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Homework answers / question archive / A loan of $50 000 is repaid by monthly level instalments over 20 years at j12 = 9%

A loan of $50 000 is repaid by monthly level instalments over 20 years at j12 = 9%

Finance

A loan of $50 000 is repaid by monthly level instalments over 20 years at j12 = 9%. After 10 years, the loan is refinanced at j2 = 10.5%. What is the new monthly payments?

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