12 Samantha Cranberry wishes to purchase a Bakkie to use in her catering business from a dealer in Johannesburg for R250 000. Standard Bank, her financial institution, is prepared to lend her the money on the condition that she undertakes to repay the loan monthly in advance over 48 months. If interest is to be charged at 15% per annum compounded monthly in advance, what will the monthly instalment be? A B I