Question 1114982
15% deposit leaves him with 85% of principal, or 106,250
m=P(r/n) divided by 1-(1+r/n)^(-nt), n=12 t=6 r=0.125
P(r/n)=1106.77, but round at end only
1-(1+(.125/12)^(-72)=0.5258
m=the quotient or R2104.94 per month.