Answer to Question #335133 in Financial Math for Nthabi

Question

8 Kgomotso bought a townhouse for R1 395 000. She managed to secure a loan at an interest rate of 11,35% per year, compounded every six months, for a period of 20 years. Determine the period payments Kgomotso must make. [1] R50 031,39. [2] R29 501,98. [3] R88 943,68. [4] R14 732,77.

Answer 1

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