Home Loan Problems Set 1 Question 7
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Question 7
Conner is purchasing a three bedroom flat at a price of $430000. He has decided to go with a loan from the SCBT N.A.. He's managed to collect enough money to make a 22 % deposit. The length of the mortgage is 10 years, with a fixed interest rate of 4.6 %.
[an error occurred while processing this directive]Your job is to work the amount of money Conner will have to pay to the SCBT N.A. every month.