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Posted on Jul 28, 2024

Suppose a house costs 1 2 5 , 0 0 0 and that you put down 2 0 % of the purchase price in cash

Suppose a house costs

125, 000

and that

you put down

20 %

of the purchase price in

cash borrowing and the remaining amount

from a Mortgage

lender such as NatWest

Bank for

30

years. What is the appropriate

yearly Mortgage repayments if interest

rate is

9.5 % ?

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