Question: Question 2 5 For a $ 4 0 0 , 0 0 0 housing loan at 9 % p . a . compounding monthly, repayable

Question 25
For a $400,000 housing loan at 9% p.a. compounding monthly, repayable by monthly
repayments over 15 years:
A. What is the amount of the monthly repayment?
B. Calculate the amount of the loan still outstanding after 8 years.

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