Home Loan Problems Set 8 Question 6
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Question 6
Talen is buying a $550000 two bedroom flat. Talen is getting a mortgage from the Compass Bank. He's managed to collect enough money to make a 10 % deposit. The length of the mortgage is 30 years, with a fixed interest rate of 9.8 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.