Please show the original fortnightly payment, time saved and interest saved

(a) Set Loan Amount of $800,000. 

(b) Set the Loan Period to 20 years. 

(c) Set the Loan Type to Introductory by clicking the appropriate button. 

(d) Set the Ongoing Rate to 5.5%. 

(e) Set the Intro Rate to 4.25%. 

(f) Set the Intro Term to 2 years. 

(g) Set the Repayment Frequency to Fortnightly by clicking the appropriate button. 

(h) Under ‘Your Repayment Details’ set the Extra Contribution Per Payment to $500. 

(i) Set the Extra Contribution Starts After to 10 years. 

Answer rating: 100% (QA)

Original fortnightly payment To calculate the original fortnightly payment for the 800000 loan with ... View the full answer