Home Loan Problems Set 6 Question 8
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Question 8
Finn is buying a $350000 one bedroom apartment. He has decided to go with a loan from the S&T Bank. He's managed to collect enough money to make a 9 % deposit. The length of the mortgage is 15 years, and his interest rate is fixed at 3.0 %.
[an error occurred while processing this directive]Your job is to work the amount of money Finn will have to pay to the S&T Bank every month.