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Bob takes out $650,000 home loan from his bank with an interest rate of 6.6% p.a. compounded monthly. Bob will make monthly repayments of $X
Bob takes out $650,000 home loan from his bank with an interest rate of 6.6% p.a. compounded monthly. Bob will make monthly repayments of $X at the end of each month for 25 years. Calculate $X. (Round your answer to 2 decimal places. Do not put unit. Do not use comma separators. E.g. 1234.56) Please make sure you Round your answer to 2 decimal places.
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