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A loan of R100.000 is taken out for a term of 10 years. The repayments are made monthly and calculated using an effective yield of

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A loan of R100.000 is taken out for a term of 10 years. The repayments are made monthly and calculated using an effective yield of 12% per annum. The interest content of the first repayment is OR142471 O R1435 R172.17 R1262.54

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