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Suppose Oggie wants to buy a house that costs P1,000,000. You give a down payment of P200,000, and then he loaned the remaining P800,000 from
Suppose Oggie wants to buy a house that costs P1,000,000. You give a down payment of P200,000, and then he loaned the remaining P800,000 from a bank. The agreement with the bank is that he will pay for the mortgage on a monthly basis for 10 years and that the bank will charge a 3% interest rate, compounded monthly, on er loan. Determine the amount of his monthly payment
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