Mathematics, 26.11.2020 06:30 AquaTyrant5054
Tshiamiso wants to buy a franchise that costs R250 000. He is planning on using R150 000 of his savings and take a loan of the outstanding amount. The loan has to be paid in 5 years time and in monthly payments at a fixed interest rate of 17.5% per year, compounded monthly. How much interest will Tshiamiso pay in the fifth month?
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Tshiamiso wants to buy a franchise that costs R250 000. He is planning on using R150 000 of his savi...
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