u are buying a flat for R1 million. You don't have a deposit, and obtain a 100% bond to be paid off in equal monthly payments over the next 20 years. The bank arges you interest at an effective monthly rate of 0.75%. You also need to pay a bond admin fee of R75 per month. (Note: the bank calculates the interest daily, and u repay the bond in equal monthly payments over the 20 years.) at is percentage of the bond repayment (excluding the admin fee) that goes towards capital repayment in the last month (month 240 )? [a.bc\%] The answer is not 100%. Can work out that 16.64% goes towards capital payment in mo. 0 . Percentage in mo. 20? [a.bc\%]