Home Loan Problems Set 5 Question 9
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Question 9
Mohammed is buying a $260000 three bedroom flat. He has decided to go with a loan from the Sterling Savings Bank. He's managed to collect enough money to make a 11 % deposit. Mohammed's mortage term is 30 years, and his interest rate is fixed at 11.4 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.