Home Loan Problems Set 5 Question 6
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Question 6
Donavan is purchasing a three bedroom unit at a price of $500000. He has decided to go with a loan from the Pacific National Bank. He's managed to collect enough money to make a 24 % deposit. The length of the mortgage is 30 years, and his interest rate is fixed at 2.7 %.
[an error occurred while processing this directive]Your job is to work the amount of money Donavan will have to pay to the Pacific National Bank every month.