Home Loan Problems Set 3 Question 3
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Question 3
Rashad is buying a $260000 one bedroom flat. Rashad is getting a mortgage from the Citizens Bank of Pennsylvania. He's managed to collect enough money to make a 24 % deposit. Rashad's mortage term is 20 years, with a fixed interest rate of 11.7 %.
[an error occurred while processing this directive]Your job is to work the amount of money Rashad will have to pay to the Citizens Bank of Pennsylvania every month.