1) Elise buys a house and makes a down payment of 35% of the price of the house. She manages to secure a loan at an interest rate of 13,25% per year, compounded monthly, for a period of 20 years. Her monthly payment is R10 437,26.

The size of the loan (to the nearest rand) is

2) Elise buys a house and makes a down payment of 35% of the price of the house. She manages to secure a loan at an interest rate of 13,25% per year, compounded monthly, for a period of 20 years. Her monthly payment is R10 437,26.

If an average yearly inflation rate of 5,57% is expected, then the real cost (the difference between the total value of the loan and the actual principal borrowed) of the loan (to the nearest rand) is

Elise buys a house and makes a down payment of 35% of the price of the house. She manages to secure a loan at an interest rate of 13,25\% per year, compounded monthly, for a period of 20 years. Her monthly payment is R10 437,26 . The size of the loan (to the nearest rand) is A. R869 941. B. R1 020091. C. R877 500. D. R1 508454. Elise buys a house and makes a down payment of 35% of the price of the house. She manages to secure a loan at an interest rate of 13,25\% per year, compounded monthly, for a period of 20 years. Her monthly payment is R10 437,26. If an average yearly inflation rate of 5,57% is expected, then the real cost (the difference between the total value of the loand the actual principal borrowed) of the loan (to the nearest rand) is 1. R877 500 . 2. R631108. 3. R1 350000. 4. R1 508608