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What is the monthly payment for 320000 dollar loan for 30 years?
Wiki User
∙ 12y ago
Depends on the interest rate. If it's 5%pa for example, then 320,000 x 5% = 16,000 this is divided by 12 so 1333.33. Then, assuming it's a straightforward repayment loan 320,000 divided by 30 then by 12 is an additional 888.00. Total cost per month 2,221.33.
Wiki User
∙ 12y ago
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