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Question 14 Aaliyah is considering buying a boat for R100 000. The bank has quoted her an interest rate of 7% per annum compounded monthly.
Question 14 Aaliyah is considering buying a boat for R100 000. The bank has quoted her an interest rate of 7% per annum compounded monthly. If she wishes to repay the principal amount over 60 months, how much will her monthly instalments be? 1. R 592,32 2. R 1980,12 3. R20 351,36 4. R23 761,44
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