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LekaFEV [45]
2 years ago
11

You decided to buy a house worthy 15 million. The requirement of the mortgage is that you pay a down payment of 1.5 million and

the balance you apply for a bank loan payable in 20 years. The interest rate is 15% per annum and the interest is payable on monthly basis.
i) What would be the monthly repayment?
Mathematics
1 answer:
yarga [219]2 years ago
5 0

Answer:

1.20 million

Step-by-step explanation:

if i am wrong sorry:(

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