You have decided to purchase a house in Vancouver east, which currently is selling at $1,200,000.  You have $200,000 in your savings account to use as your downpayment.  You have been approved to borrow 1,000,000 from RBC as a 25 years mortgage at a 3.99% annual rate.  what is your monthly payment?

Answer rating: 100% (QA)

To calculate your monthly mortgage payment you can use the formula fo... View the full answer