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What will be monthly mortgage payment for sheila

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Reference no: EM132988375

Problem 1: Sheila is looking for an apartment. She has found one that costs RM300,000. She chooses a 30-year mortgage with 8% interest rate and plans to make an 18% down payment of the selling price. What will be her monthly mortgage payment? What if the bank asks her to make the first payment at the beginning of the month?

Reference no: EM132988375

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