Home Loan Problems Set 7 Question 3
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Question 3
Johan is buying a $410000 two bedroom house. He has decided to go with a loan from the Bank of America Calif.. Johan has saved up enough money to put down a 20 % deposit. The length of the mortgage is 30 years, with a fixed interest rate of 7.2 %.
[an error occurred while processing this directive]Your job is to work the amount of money Johan will have to pay to the Bank of America Calif. every month.