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23 May, 08:40

A $200,000 loan is to be repaid over 20 years in equal monthly installments of

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  1. 23 May, 09:03
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    There are 12 months in 1 yr ... so in 20 years, there are (20 x 12) = 240 months.

    200,000 / 240 = 833.33 per month
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