You decided to buy a house worthy 15 million. The requirement of the mortgage is that you pay a down payment of 1.5 million and the balance

Question

You decided to buy a house worthy 15 million. The requirement of the mortgage is that you pay a down payment of 1.5 million and the balance you apply for a bank loan payable in 20 years. The interest rate is 15% per annum and the interest is payable on monthly basis.
i) What would be the monthly repayment?

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Orla Orla 1 week 2021-07-22T06:16:21+00:00 1 Answers 2 views 0

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    2021-07-22T06:17:58+00:00

    Answer:

    1.20 million

    Step-by-step explanation:

    if i am wrong sorry:(

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