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Meidrim has found her dream house. The house price is RM 400000 and the required down payment is RM 80000. The loan that Meidrim has

Meidrim has found her dream house. The house price is RM 400000 and the required down payment is RM 80000. The loan that Meidrim has decided upon will be for 30 year with annual rate of 11% compounded monthly.

Calculate the monthly payment that Meidrim has to pay.

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