Muzi buys a house and makes a down payment of 16% of the price of the house. For the remaining amount, he manages to secure a loan at an interest rate of 12,05% per year, compounded monthly, for a period of 20 years. His monthly payment is R18 556,84. The size of the loan (to the nearest rand) is

asked by guest
on Mar 29, 2025 at 4:14 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


+ Submit Question