Home Loan Problems Set 2 Question 8
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Question 8
Bradyn is buying a $500000 three bedroom flat. He has decided to go with a loan from the Sun National Bank. He's managed to collect enough money to make a 26 % deposit. The length of the mortgage is 25 years, with a fixed interest rate of 2.4 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.