Home Loan Problems Set 4 Question 2
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Question 2
Ian is purchasing a three bedroom house at a price of $390000. He has decided to go with a loan from the Republic Bank & Trust Co.. He's managed to collect enough money to make a 16 % deposit. The length of the mortgage is 30 years, with a fixed interest rate of 4.9 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.