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NCB Ltd has made an interesting offer on loans for all first time buyers of a house having the following particulars: Loan amount: Rs 1,200,000

NCB Ltd has made an interesting offer on loans for all first time buyers of a house having the following particulars:
Loan amount: Rs 1,200,000
Rate of interest: 5.4% per annum (Annualised Percentage Rate) Maturity period: 22 years
Calculate the monthly payment.

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