A loan of R 5 0 0 0 0 is secured at an interest rate of 1 4 p a ( ca ) and will be paid back with equal monthly payments over 5 years Calculate the value of the payments

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A loan of R 5 0 0 0 0 is secured at an interest rate of 1 4 % p . a . ( ca

A loan of R

50 000

is secured at an interest rate of

14 %

.

. (

)

and will be paid back with

equal monthly payments over

5

years. Calculate the value of the payments.

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