Posted by irvin spies on .
andrew bought a flat of R240000,he made a down payment of R100000 and obtained a 20 year mortgage bond for the balance at an interest rate of 19,5 percent per annum,compounded monthly,what is his montly payment?

elementary quantitative methos 
Reiny,
subtract 100,000 from 240,000, that is your PV
i = .195/12 =
n = 240
P = ?
straight formula application
( I got 3817.23 )