Home Loan Problems Set 1 Question 8
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Question 8
Carson is buying a $190000 three bedroom apartment. He has decided to go with a loan from the Enterprise Bank & Trust. He's managed to collect enough money to make a 13 % deposit. The length of the mortgage is 30 years, and his interest rate is fixed at 4.8 %.
[an error occurred while processing this directive]Your job is to work the amount of money Carson will have to pay to the Enterprise Bank & Trust every month.