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yolanda an Joe is getting mariad and noed to borrow R250 000 for the wedding, They nok out a personal loan ion The band racer

yolanda an Joe is getting mariad and noed to borrow R250 000 for the wedding, They

nok out a personal loan ion The band racer an Walinterest rate of 12%, compounded

*olavaliy. They plan to repay the bah b, making R40 000 payments once a year when

Yolanda receives her bonus. How tong Wii it take to repay the loan?

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