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Mr Das is planning to purchase a Rs.140,000 house by making a down payment of Rs.40,000 and borrowing the remainder to be paid in 30

Mr Das is planning to purchase a Rs.140,000 house by making a down payment of Rs.40,000 and borrowing the remainder to be paid in 30 years with monthly payments and the first payment is due in 1 month from now. If interest rates are quoted at 8 percent with monthly compounding. What will be his monthly mortgage payments

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