Question: A borrower would like to borrow 50,000 at 7.5 % for five years but would like to pay only 6000 for the first two years

A borrower would like to borrow 50,000 at 7.5 % for

A borrower would like to borrow 50,000 at 7.5 % for five years but would like to pay only 6000 for the first two years and then catch up with a higher payment for the last three years. What is the amount of the higher payment for the last three years

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