Home Loan Problems Set 5 Question 1
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Question 1
Jamie is buying a $280000 three bedroom unit. He has decided to go with a loan from the Tri Counties Bank. He's managed to collect enough money to make a 28 % deposit. Jamie's mortage term 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 Jamie will have to pay to the Tri Counties Bank every month.