How much will be total payment

Reference no: EM132723283

Problem 1: If RO 9,000 is financed for two years at 6% interest rate, Calculate the total interest and total amount paid.

Problem 2: A homebuyer approached the bank for a home loan of RO 87,000. The bank has approved the loan application for a 30-year fixed-rate loan at 7% annual interest. If the client makes a 25 % down payment, calculate; what is the monthly payment? How much will be total payment?

Reference no: EM132723283

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