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2023 Levy buys a house and manages to secure a home loan for R950 000 with monthly payments of R 835A a d interest rate
2023 Levy buys a house and manages to secure a home loan for R950 000 with monthly payments of R 835A a d interest rate of 12,56% per year, compounded monthly, over a period of 20 years. If an average inflation of expected, then the real cost (the difference between the total value of the loan and the actual principal bo the nearest rand, of the loan is a. R1 180 820. Ob. R1 419 230. O c. R950 000. O d. R469 230. 8
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