Mathematics

15 March, 03:53

Ali wants to buy a detached house at RM110,000. the developers require 10% as a deposit and suggests that the balance can be borrowed from a finance company which offers interest at a rate of 7.5% per year for 20 years. Apart from that, Ali was charged some additional fee such as legal fees and insurance of RM2500 and RM1700 respectively. You are required to calculate: Total interest charged Total loan Monthly payment

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