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Question 3: Congratulations, you have just bought a new town house in Langley appraisal value is Ends1,000,000. BMO is happy to give you the mortgage

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Question 3: Congratulations, you have just bought a new town house in Langley appraisal value is Ends1,000,000. BMO is happy to give you the mortgage at the of in contract, 30 years mortgage term. According to the Canada mortgage law, bank can charge you interest by semi-annual compounding: Bank allows the maximum amount is capped either at 55% of the appraisal value or 6 times your annual income 2019 before tax. (Bank is always very conservative and risk averse) Tour 2018 income before tax is ndS100,000. Based on the above information, please calculate your monthly payment mortgage, list your work progress and answers in delocitantes Question 3: Congratulations, you have just bought a new town house in Langley appraisal value is Ends1,000,000. BMO is happy to give you the mortgage at the of in contract, 30 years mortgage term. According to the Canada mortgage law, bank can charge you interest by semi-annual compounding: Bank allows the maximum amount is capped either at 55% of the appraisal value or 6 times your annual income 2019 before tax. (Bank is always very conservative and risk averse) Tour 2018 income before tax is ndS100,000. Based on the above information, please calculate your monthly payment mortgage, list your work progress and answers in delocitantes

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