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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
year home loan
since the
start
of
for
a house in Langebaan
The size of the loan was R
million and the
interest
rate was
pa compounded
monthly. Assume that
she
paid,
every month, the minimum required
instalment
from the start.How much of the new instalment in June will go towards the loan?
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