Question: iii) Yaa Serwaa, a new client, has just being approached by her bankers that she should come for a loan to buy a new flat

iii) Yaa Serwaa, a new client, has just being approached by her bankers that she should come for a loan to buy a new flat at Trassaco Valley. She only has to pay 632,000 per month on the loan. In the loan agreement, the bank is prepared to charge interest of 1% compounded monthly for 48 months. How much can Yaa Serwaa borrow?

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