Loan is to be repaid in equal monthly installments

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Reference no: EM131511696

Waleed borrowed KD wxyz*100 from a bank, this loan is to be repaid in equal monthly installments over 25 years at an interest of 10% per year compounded weekly. Just after the 150^th payments, Waleed decides to increase the payment to three times the old installment with interest rate of 7% per year compounded weekly what is the remaining balance of this loan after the 200^th payment?

Reference no: EM131511696

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