Home Loan Problems Set 10 Question 3
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Question 3
Erick is buying a $380000 two bedroom flat. He has decided to go with a loan from the Johnson Bank. He's managed to collect enough money to make a 26 % deposit. The length of the mortgage is 15 years, with a fixed interest rate of 4.3 %.
[an error occurred while processing this directive]Your job is to work the amount of money Erick will have to pay to the Johnson Bank every month.