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2 5 . A loan of R 1 5 , 0 0 0 is charged at an annual interest rate of 8 % , compounded

25. A loan of R15,000 is charged at an annual interest rate of 8%, compounded monthly. If the loan is repaid in full after 2 years, what is the total repayment amount?
A. R18,003.56
B. R17,593.04
C. R17,642.19
D. R19,024.87

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