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The Andrea and her husband ha ve a 2 0 - year home loan since the start of 2 0 1 4 for a house

The
Andrea
and her husband
ha
ve
a 20
-
year home loan
since the
start
of
2014
for
a house in Langebaan
. The size of the loan was R
2.
195
million and the
interest
rate was
1
2
.
2
5% p.a. compounded
monthly. Assume that
she
paid,
every month, the minimum required
instalment
from the start.How much of the new instalment in June 2024 will go towards the loan?

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