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Home Loan Problems Set 5 Question 10

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Question 10

Easton is buying a $220000 unit. He has decided to go with a loan from the GreenBank. Easton has saved up enough money to put down a 19 % deposit. Easton's mortage term is 20 years, with a fixed interest rate of 4.6 %.

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Calculate how much his total monthly payment is going to be.

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