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Jack has recently graduated from UNSW and plans to borrow his first mortgage to buy a residential property. He just placed a 0.55% deposit to

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Jack has recently graduated from UNSW and plans to borrow his first mortgage to buy a residential property. He just placed a 0.55% deposit to purchase a $1,563,000 this property. Jack has $180, 064 in cash available to pay for the house mortgage. Glven Jack's less than steliar credit rating, the bank, let's say CBA, decides to purchase enough mortgage insurance, how much capital does CBA have to set aside to service this loan according to the Basel III agreement? (Round your answer to the second decimal places, and don't insert a comma. For example, use 1000, not 1,000 )

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