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Zandile borrowed money from a bank and she is repaying the loan by making monthl...

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Zandile borrowed money from a bank and she is repaying the loan by making monthly payments of R1901 at the end of every month, each payment includes interest and repayment of the principle. The loan will be paid off in 7 years and interest is calculated at a rate of 13.728% per year, compounded monthly. What is the interest component of the 4th payment of the 5th year? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)

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Zandile het geld geleen by 'n bank en sy betaal die lening af deur maandelikse paaiemente, wat rente en kapitaaldelging insluit, van R1901 te maak aan die einde van elke maand. Die lening sal afbetaal wees na 7 jaar en rente word bereken teen 'n koers van 13.728% per jaar, maandeliks saamgestel. Wat is die rentekomponent van die 4de paaiement van die 5de jaar? (Gee jou antwoord afgerond tot 2 desimale syfers. As jy dink die antwoord is R1012.3456, tik in 1012.35)

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