QUESTION I

Look at the advertisement of a house for sale bclow.

Ermelo, Mpumalanga

A good house for first time buyer. Close to town and schools. Has $3$ bedrooms, $2$ bathrooms and double garage.

Property price: R$1060000$

Capricorn South ML$/$Gr$12$

Investigation $\frac{14}{02}$

Loan conditions when financed by ABC Bank.

Deposit: $10\%$

Loan period: $25$ years

Intercst ratc: Prime $+1,5\%$

Factor Table

$\backslash$table$[[,$Interest Rates$],[5$ years,$9,5\%,10\%,10,5\%,11\%$