Home Loan Problems Set 2 Question 9
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Question 9
Kaleb is buying a $380000 two bedroom unit. He has decided to go with a loan from the Webster Bank. Kaleb has saved up enough money to put down a 18 % deposit. The length of the mortgage is 10 years, with a fixed interest rate of 11.6 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.