Home Loan Problems Set 9 Question 3
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Question 3
Demarcus is purchasing a granny flat at a price of $520000. Demarcus is getting a mortgage from the Superior Bank. He's managed to collect enough money to make a 26 % deposit. The length of the mortgage is 25 years, with a fixed interest rate of 9.3 %.
[an error occurred while processing this directive]Calculate how much his total monthly payment is going to be.