Home Loan Problems Set 7 Question 7
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Question 7
Cory is buying a $530000 flat. He has decided to go with a loan from the Chinatrust Bank. He's managed to collect enough money to make a 17 % deposit. Cory's mortage term is 30 years, with a fixed interest rate of 3.1 %.
[an error occurred while processing this directive]Your job is to work the amount of money Cory will have to pay to the Chinatrust Bank every month.