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ajay wants to buy a car worth R50000 ( ignore deposit and registration costs) by financing it over 36 months. suppose that an interest rate

ajay wants to buy a car worth R50000 ( ignore deposit and registration costs) by financing it over 36 months. suppose that an interest rate of 20% per annum compounded monthly is charged. how much would he pay per month if he wants to make his first payment after six months.

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