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Gabriel took out a housing loan over 30 years at 5.25% p.a, monthly reducible interest. Over the term of the loan he will repay $476 928. Monthly repayments per $1000 is 5.52
a) how mcuh did he borrow?
b) how much interest will he pay?
c) Calculate the equivalent flat yearly interest rate, correct to 1 decimal point
Gabriel took out a housing loan over 30 years at 5.25% p.a, monthly reducible interest. Over the term of the loan he will repay $476 928. Monthly repayments per $1000 is 5.52
a) how mcuh did he borrow?
b) how much interest will he pay?
c) Calculate the equivalent flat yearly interest rate, correct to 1 decimal point