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11. Zuparro (Proprietary) Limited has taken out a loan of R450 000. The loan agreement states that the capital and interest of the loan will

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11. Zuparro (Proprietary) Limited has taken out a loan of R450 000. The loan agreement states that the capital and interest of the loan will be repaid over the next four years, payable bi-annually at an interest rate of 12% per annum. What will the half-yearly repayments on the loan be? 1) R31500 2) R7211? 3) R63000 4) R132853 (1)

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