A mutual fund manager wishes to purchase a property that s

Last updated: 7/14/2023

A mutual fund manager wishes to purchase a property that s been valued at 1 5 million She has 200 000 in cash to use as a deposit and she will require a mortgage for the rest The annual interest rate on the loan is 2 45 and the loan is for 25 years Calculate the monthly payments Round your answer to the nearest cent Do NOT round until you have calculated the final answer Provide your answer below