Home Loan Problems Set 9 Question 2
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Question 2
Jamar is purchasing an one bedroom flat at a price of $150000. He has decided to go with a loan from the Community Bank. He's managed to collect enough money to make a 23 % deposit. The length of the mortgage is 30 years, with a fixed interest rate of 11.3 %.
[an error occurred while processing this directive]Your job is to work the amount of money Jamar will have to pay to the Community Bank every month.