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?

Respuesta :

Answer:

1.20 million

Step-by-step explanation:

if i am wrong sorry:(