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How much are going to have to pay in monthly payments

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Question 1: You are planning to get a home loan which will pay the cost for your home purchase of 6,000,000 today. You have option A with a deferred payment option from the developer which will let you start paying 2 years from now over a 15 year period with an interest of 4% compounded monthly. How much are you going to have to pay in monthly payments for this plan?

Reference no: EM132635112

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