Home Loan Problems Set 6 Question 3
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Question 3
Dexter is purchasing an one bedroom apartment at a price of $410000. Dexter is getting a mortgage from the State Bank & Trust. Dexter has saved up enough money to put down a 9 % deposit. The length of the mortgage is 20 years, with a fixed interest rate of 4.5 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.