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Nthabiseng cannot afford to buy a car with cash, so she takes out a bank loan o...
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Nthabiseng cannot afford to buy a car with cash, so she takes out a bank loan of R350 000 at an interest rate of 9.5% per annum, compounded monthly repaid with equal instalments over five years. What is the total interest Nthabiseng pays over the life of the loan?
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100%
0%
0%