7.22 Mr Brown borrows R25 000 from a bank to renovate the kitchen of his home. The bank charges interest at a rate of 8% per annum, compounded semi- annually over 10 years. What repayments will he have to make every 6 months? 7.23 Ms Ndlovu deposits R200 into a savings account at the end of each year. The savings account pays interest at a rate of 10% per year, compounded annually. How much will Ms Ndlovu's investment be worth after 5 years? 12 CROQUE 42 43 44 4