Question: Borrowed: 8 8 6 0 5 9 , interest rate 5 . 9 % . what is the initial fortnightly payment of a 2 5

Borrowed:886059, interest rate 5.9%. what is the initial fortnightly payment of a 25 year mortgage using the PVA formula. What would the fortnightly payment be in year 6-10 if the interest rate increased by 1.5% after 5 years using the PVA formula?

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