Question
Siti bought a house in Taman Hui Sing in January 2013 for RM278,000. She had paid 10 percent for the down payment, and interest rate
Siti bought a house in Taman Hui Sing in January 2013 for RM278,000. She had paid 10 percent for the down payment, and interest rate is charged at 4.25 percent for 27 years. As of 31 December 2020, Siti still has exactly 20 years more to pay off her house loan. Calculate the house loan balance as of 31 December 2020.
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