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A loan of R150 000 is to be repaid in equal monthly installments over 12 months. The first payment is one month after the securing

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A loan of R150 000 is to be repaid in equal monthly installments over 12 months. The first payment is one month after the securing the loan. Given that the interest rate is 9% per annum compounded monthly, the value of the equal, monthly installments is R13117.72. Assume four, sequential payments are missed starting with payment number three and that the interest rate is increased to 15.0% per annum compounded monthly at time period five. Determine the value of the new equal payments starting from time period seven which are required to settle the debt without extending the duration of the loan. Select one: Oa. R19 452 -O. b. R18 333 O C. R18 106. O d. R21 915 O e. R22 412 Of. R22 692 O g. R20 192 Oh. R15 000

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