Home Loan Problems Set 7 Question 6
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Question 6
Jude is purchasing a three bedroom house at a price of $170000. He has decided to go with a loan from the Northern Trust Co.. Jude has saved up enough money to put down a 11 % deposit. Jude's mortage term is 30 years, and his interest rate is fixed at 8.7 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.