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A home loan of R 7 5 0 0 0 0 is secured at 1 2 , 5 % p . a . compounded monthly,

A home loan of R750000 is secured at 12,5% p.a. compounded monthly, repayable over 30 years.2.2.1Calculate the monthly repayments.)2.2.2Calculate the outstanding balance after 10 years.

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