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You have decided to buy a high-end apartment, priced approximately $1,500,000.

B Company offers a standard amortised mortgage loan with a down payment of $150,000 (paid on the day of purchase of the apartment) and the balance is financed by a 7% p.a. fixed interest (compounded monthly) home loan with a term of 30 years

1. Calculate the monthly payments on this

2. (1) Internal Rate of Return (IRR), and (2) Net Present Value (NPV)

Please show me the full solution by showing the formula

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91795197

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