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JEATANGGANAIN
Answered

you purchase a house and lot for php 1,850,000 and obtain a 25 year fixed rate mortage of 8.5% if equity is php 300,000 what is the monthly payment​

Sagot :

JEONSTIN

ANSWER:

P 7.687

300000x(1+8.5%)25÷25×12

≈ 7.687

(i=8.5%,n=25)

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