You 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 charges 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 you repay the bond in equal monthly payments over the 20 years.) After 5 years, the bank increased it's interest rate to a nominal 10% per annum, and recalculated your new payments for the remainder of the original term (along with the R75 admin fee). What is your total monthly payment to the bank now? [Rabcd.ef] The total monthly repayment to the bank should not exceed 30% of your salary - something that you were spot-on in your first year. If your annual salary increased at a rate of 8% per year at the beginning of each year over the 20 year repayment period, how much (as a percentage) of your salary did you pay in the final year (i.e. year 20) [ a.bc\%]