Home Loan Problems Set 10 Question 10
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Question 10
Mateo is buying a $530000 four bedroom house. He has decided to go with a loan from the Bank of North Georgia. He's managed to collect enough money to make a 27 % deposit. The length of the mortgage is 30 years, and his interest rate is fixed at 8.5 %.
[an error occurred while processing this directive]Your job is to work the amount of money Mateo will have to pay to the Bank of North Georgia every month.