Home Loan Problems Set 4 Question 10
Click here to return to the index page for all Home Loan Problems
Question 10
Talon is buying a $360000 two bedroom house. Talon is getting a mortgage from the Frost National Bank. He's managed to collect enough money to make a 6 % deposit. The length of the mortgage is 30 years, and his interest rate is fixed at 8.1 %.
[an error occurred while processing this directive]Your job is to work the amount of money Talon will have to pay to the Frost National Bank every month.