Home Loan Problems Set 6 Question 5
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Question 5
Yandel is buying a $300000 three bedroom flat. He has decided to go with a loan from the First Commercial Bank. He's managed to collect enough money to make a 30 % deposit. The length of the mortgage is 25 years, with a fixed interest rate of 9.7 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.