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Jackson wants to buy a Corolla Cross 1.8 Hybrid by means of a financing plan. The price is R481 700. GL Finance, a vehicle finance

Jackson wants to buy a Corolla Cross 1.8 Hybrid by means of a financing plan. The price is R481 700. GL Finance, a vehicle finance company, will finance 70% of the purchase price over a period of three years at a nominal interest rate of 14% per year (NACM). Instalments are payable in advance. What is the monthly instalment (Report answer in absolute terms)?

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