Home Loan Problems Set 4 Question 7
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Question 7
Mateo is buying a $530000 three bedroom flat. He has decided to go with a loan from the Trustmark National Bank. He's managed to collect enough money to make a 12 % deposit. The length of the mortgage is 10 years, with a fixed interest rate of 8.8 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.