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Posted on Aug 02, 2024

A loan of R 1 5 , 0 0 0 is charged at an annual interest rate of 8 % , compounded monthly. If the

A loan of R

15, 000

is charged at an annual interest rate of

8 %,

compounded monthly. If the loan is repaid in full after

2

years, what is the total repayment amount?

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