A $50000 mortgage is being repaid with 2020 annual installments at the end of each...
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A $50000 mortgage is being repaid with 2020 annual installments at the end of each year with an effective annual interest rate i=0.05. The borrower makes 77 payments and then is temporarily unable to make payments for the next 22 years. Find the revised payment to start at the end of the 1010th year if the loan is still to be repaid at the end of the original 2020 years.
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