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Cindy borrowed money from a bank and she is repaying the loan by making monthly ...

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Cindy borrowed money from a bank and she is repaying the loan by making monthly payments of R1752 at the beginning of every month, the first payment is on the day that she received the loan. The loan will be paid off after 7 payments and interest is calculated at a rate of 13.239% per year, compounded monthly. How much will Cindy still owe the bank immediately before making payment number 5? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)

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Cindy het geld geleen by 'n bank en sy betaal die lening af deur maandelikse paaiemente van R1752 te maak aan die begin van elke maand, sy maak die eerste betaling op die dag wat sy die lening kry. Die lening sal afbetaal wees na 7 paaiemente en rente word bereken teen 'n koers van 13.239% per jaar, maandeliks saamgestel. Hoeveel sal Cindy nog die bank skuld onmiddelik voordat sy paaiement 5 betaal? (Gee jou antwoord afgerond tot 2 desimale syfers. As jy dink die antwoord is R1012.3456, tik in 1012.35)

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