document.write( "Question 1075397: Justin bought a house for 480 000. He paid a deposit of 150 000 and secured a loan for the outstanding amount. The yearly interest rate on the loan at the stage was 24% compounded monthly, and the term was 20 years. Determine Justin's minimum monthly payment was. \n" ); document.write( "
Algebra.Com's Answer #690125 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! Justin bought a house for 480 000. He paid a deposit of 150 000 and secured a loan for the outstanding amount. The yearly interest rate on the loan at the stage was 24% compounded monthly, and the term was 20 years. Determine Justin's minimum monthly payment was. \n" ); document.write( " This is a RIDICULOUSLY high interest rate. Nonetheless, the CORRECT ANSWER is:\n" ); document.write( " |