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A BCom graduate bought a small apartment for R151 000,00 with a down payment of...

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A BCom graduate bought a small apartment for

R151 000,00 with a down payment of R51 000,00. If the graduate

secures a mortgage bond with a bank for the balance at 15% per annum,

compounded monthly, with a term of 20 years, what are the monthly payments?

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