Question: 1 4 points A loan is granted at 18,6 % p.a. compounded daily. It is repaid by means of regular, equal monthly payments of R2300

1 4 points A loan is granted at 18,6 % p.a.

1 4 points A loan is granted at 18,6 % p.a. compounded daily. It is repaid by means of regular, equal monthly payments of R2300 per month where the first payment is made one year after the loan is granted. If the last payment is made exactly five years after the loan is granted, then the value of the loan, to the nearest cent, is R type your

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