=+You take a mortgage of 200,000 on 1 February 2013 at a fixed-interest rate of 5% p.a.
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=+You take a mortgage of £200,000 on 1 February 2013 at a fixed-interest rate of 5% p.a. with continuous compounding (consider each month as 1 / 12 of a year). It is repayable over 25 years with level payments due at the end of every month (your last payment is on 31 January 2038).
Calculate the monthly payment amount.
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