Home Loan Problems Set 2 Question 6
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Question 6
Bobby is buying a $170000 one bedroom unit. He has decided to go with a loan from the Georgian Bank. He's managed to collect enough money to make a 28 % deposit. The length of the mortgage is 20 years, and his interest rate is fixed at 7.2 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.