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ANSWER ALL QUESTIONS. PLEASE PROVIDE WORKINGS TO YOUR SOLUTIONS. Anna and Bob have decided to buy an apartment. The cost of the apartment isRM150,000. They

ANSWER ALL QUESTIONS. PLEASE PROVIDE WORKINGS TO YOUR SOLUTIONS.

Anna and Bob have decided to buy an apartment. The cost of the apartment isRM150,000. They can get a 25-year mortgage at 8% and plan to make adownpayment of 20% of the selling price. What will be their monthly mortgage payment?

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