Home Loan Problems Set 3 Question 6
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Question 6
Lewis is purchasing an one bedroom flat at a price of $360000. He has decided to go with a loan from the Corus Bank. He's managed to collect enough money to make a 16 % deposit. Lewis's mortage term is 15 years, and his interest rate is fixed at 7.7 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.