resident tax payes has a taxable For the income tax June 2018, with paya inetalments of $2500 deducted her by employer, she has no dependenk, Her not far to pay will be 11 -Sane, a income OF $ 19,500 ended 30 year 2care reBind lexy for

international student

Dolly wants to buy a house in Willoughby, Sydney. The purchase price of the house is $1,000,000. ANZ Bank requires 20% deposit and will lend her the balance of the required fund at a rate of 4.5% pa, compounded monthly. The loan repayable by equal monthly instalments over a period of 20 years. a. What will be the amount of each monthly repayment? b. How much will Dolly owe the bank after 5 years that is, after she paid 60 monthly payments