Home Loan Problems Set 4 Question 3
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Question 3
Chance is buying a $460000 two bedroom flat. Chance is getting a mortgage from the Mizuho Corporate Bank. Chance has saved up enough money to put down a 17 % deposit. Chance's mortage term is 20 years, with a fixed interest rate of 9.7 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.