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Ranjit has applied for a mortgage loan to buy a $ 510000 house. The bank will require a 20% down payment and it will give
Ranjit has applied for a mortgage loan to buy a $ 510000 house. The bank will require a 20% down payment and it will give Ranjit a 25-year loan payable in monthly instalments. The nominal interest rate is set at 10.8 % convertible quarterly. How much would Ranji receive from the bank?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
