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Tyla bought a house for R1 800 000,00. She managed to secure a loan at an inter...

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Tyla bought a house for R1 800 000,00. She

managed to secure a loan at an interest rate of 7,5% per year, compounded every

four months, for a period of 30 years. If the periodic payments are R50 468,56,

determine the outstanding balance at the end of 20 years.

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