What is the EMI of loan of Rs. 55,000 if repaid in 5 years at the rate of 5% p. a on the outstanding amount of the beginning of each year.

180k monthly

Step-by-step explanation:

How much would the mortgage payment be on a $50K house? Assuming you have a 20% down payment ($10,000), your total mortgage on a $50,000 home would be $40,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $180 monthly payment.

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