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What would harsh monthly loan payments be with new time

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Reference no: EM132998062

Harsh realizes that payment amount is not manageable based on how much he currently makes and all of the other expenses he also has to budget for. As a result he decides paying off his loan in 6 years is simply more realistic.

Problem 1: What would Harsh's monthly loan payments be with this new time line?

Problem 2: What will be the total interest paid?

Reference no: EM132998062

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