cjcharlesjunior90 cjcharlesjunior90

06-06-2023
Mathematics

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Today, Andrew borrowed R200 000 from a bank. The bank charges interest at 5.25%p.a, a compounded quarterly. Andrew will make make payments of R6 000 at the end of 3 months. His first repayment will be made 3 months from now, how long in years will it take for Andrew to settle the loan

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