You need 380,000 to buy a flat. So, you go to the bank and...
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You need 380,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 6%, and the loan has to be paid back in 25 years, in constant monthly payments. Calculate how much you'll have to pay back to the bank every month and how much you'll pay in total. 1 i- B I = =
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