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How much are the monthly repayments

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Reference no: EM133187252

Question - Given - $350,000 is borrowed to purchase a house and land package, to be repaid with equal monthly repayments at 6% interest over 25 years.

Required -

(a) How much are the monthly repayments?

(b) How much interest is paid over the life of the loan?

(c) How much is still owed after fifteen years?

Reference no: EM133187252

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