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Mathematics, 08.12.2020 01:10 Demondevilg
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?
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