Question: can you please help me with this questions please Jake takes out a bank loan of R600 000 to pay for his new car. He

can you please help me with this questions please

Jake takes out a bank loan of R600 000 to pay for his new car. He repays the loan with monthly instalments of R9 000, starting one month after the granting of the loan. The interest rate is 13% per annum compounded quarterly 3.1 Show that the effective interest rate is 12,86% p.a compounded monthly (3) 3.2 How many instalments of R9000 must be paid? (5) 3.3 What will the final payment be ? (5) What did the car cost Jake in total by the time it is paid off? (2) 3.4 [14]

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