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Home Loan Repayment

Assume a thirty year loan of B=$100,000, constant borrowing rate r = 9% , inflation rate f = 3% and monthly repayments (i.e. m=12).

Compute monthly repayments.

Solution Summary

This solution calculates month repayments on a loan, given the amount, constant borrowing rate, inflation rate and repayment schedule.

$2.19