Home Loan Problems Set 10 Question 4
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Question 4
Kadyn is buying a $590000 apartment. He has decided to go with a loan from the Fifth Third Bank. He's managed to collect enough money to make a 23 % deposit. The length of the mortgage is 15 years, with a fixed interest rate of 11.8 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.