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2.3 Peter and Linda want to buy a car. They have a deposit of R80 000, and decide to purchase a BMW priced at R240

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2.3 Peter and Linda want to buy a car. They have a deposit of R80 000, and decide to purchase a BMW priced at R240 000. Currently the bank is willing to give them finance over a 54-month period at a rate of 10% per annum, compounded monthly. What would their monthly repayment be based on the information above? (2) non Tho bank wants a deposit of

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