Home Cleaning Services (Pty) Limited has taken out a loan of R450 000 to buy new equipment for expanding their service to more customers. The loan agreement states that the capital and interest of the loan will be repaid over the next four years, payable bi-annually at an interest rate of 12% per annum. What will the half-yearly repayments on the loan be? [Set your calculator at four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.]

(a) R 64 526

(b) R 72 464

(c) R676 692

(d) R717 246

Home Cleaning Services (Pty) Limited has taken out a loan of R450 000 to buy new equipment for expanding their service to more customers. The loan agreement states that the capital and interest of the loan will be repaid over the next four years, payable bi-annually at an interest rate of 12% per annum. What will the half-yearly repayments on the loan be? [Set your calculator at four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.] (a) R64526 (b) R72464 (c) R676 692 (d) R717246