Mr. Wiggley wants to buy a new house. It will cost $178,000. The bank will loan 90% of the purchase.
Mr. Wiggley wants to buy a new stock. It get absorb $178,000. The bank get hypothecation 90% of the alienation worth at a professed concern rebuke of 10.75% compounded weekly, and Mr. Wiggley get execute monthly payments. What is the aggregate of the monthly payments if he intends to pay the stock off in 25 years?