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Mathematics, 27.11.2020 14:00 lilo1841

tshiamo wants to buy a franchise that costs R250 000. He is planning on using 150000 of his savings and take a loan of outstanding amount. The loan has to be 5 years time and monthly payments fixed interest of 17.5% per year, compounded monthly. How much interest will Tshiamo pay I 5th month?

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tshiamo wants to buy a franchise that costs R250 000. He is planning on using 150000 of his savings...
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