Home Loan Problems Set 10 Question 5
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Question 5
Nestor is buying a $180000 three bedroom flat. He has decided to go with a loan from the Woodlands Commercial Bank. He's managed to collect enough money to make a 28 % deposit. Nestor's mortage term is 10 years, with a fixed interest rate of 2.2 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.