Question: 3 . 2 ) You can also take a home loan valued at R 1 , 2 0 0 , 0 0 0 to start

3.2) You can also take a home loan valued at R1,200,000 to start your property rental business. The interest on the loan is 12% per annum, and the repayment period is 20 years. Calculate your monthly repayment amount. (3 marks

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