Home Loan Problems Set 3 Question 1
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Question 1
Dylan is buying a $210000 two bedroom house. Dylan is getting a mortgage from the First Federal S&L of Charleston. He's managed to collect enough money to make a 13 % deposit. The length of the mortgage is 25 years, and his interest rate is fixed at 9.8 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.