3.2 Rudy buys a piece of land for N$1,100,000. He makes 20% down payment and for the balance he takes a loan for 25 years that charges an annual interest rate of 5% compounded monthly Find the 3.2.1 Monthly payments. [6] 3.2.2 Total amount of interest that will be paid [5] 3.2.3 Amount of the loan that he would have paid after 10 years [5]