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QUESTION 1 1. The bond on a house is R500 000, the interest rate is 9% per annum compounded monthly and the term is 20

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QUESTION 1 1. The bond on a house is R500 000, the interest rate is 9% per annum compounded monthly and the term is 20 years. Calculate the monthly instalment payable. R 1 points QUESTION 2 1. How much of the first instalment in the above question is interest? R 2 points QUESTION 3

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