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What will your monthly payments be

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You want to buy an apartment priced at $300,000. You have saved a deposit of $50,000. The bank agreed to lend you the remaining $250,000 as a fully amortising loan with a term of 25 years. The interest rate is 12% and is not expected to change.

What will your monthly payments be? Remember they are paid in arrears

Reference no: EM133233366

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