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You want to purchase a newly completed low density condominium in Presint 15, Putrajaya and the price is RM600,000. You are required to make a
You want to purchase a newly completed low density condominium in Presint 15, Putrajaya and the price is RM600,000. You are required to make a down payment of 10% and plan to finance the remaining amount with 30-year fixed rate mortgage with Standard Chartered Bank. The annual interest rate for the mortgage is 4.15%. Calculate the following: a) The amount of your down payment. b) The loan amount she will need to finance. c) The monthly mortgage payment. d) The total interest paid over the life of the mortgage
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