QUESTION $2($Home loans$)$

$2\mathrm{.}1$ Table $1$ below is a loan factor table that shows the monthly repayments per $R1000$ on a home loan with interest rates ranging from $9,75\%$ to $11,25\%$ per annum, over $15,20,25$ or $30$ years. Magda is planning on buying a house and she has a disposable income of R$18570$ per month. The National Credit Act $($NCA$)$stipulates that the home loan amount that a person qualifies for should be calculated based on the disposable income.

Table $1$: Loan factor table for calculating monthly repayments on a

home loan per R$1000$

$\backslash$table$[[$Interest $\%,$Years$],[,15,20,25,30],[9\mathrm{.}75\%,10\mathrm{.}59,9\mathrm{.}49,8\mathrm{.}91,8\mathrm{.}59],[10\mathrm{.}00\%,10\mathrm{.}75,9\mathrm{.}65,9\mathrm{.}09,8\mathrm{.}78],[10\mathrm{.}25\%,10\mathrm{.}90,9\mathrm{.}82,9\mathrm{.}26,8\mathrm{.}96],[10\mathrm{.}50\%,11\mathrm{.}05,9\mathrm{.}98,9\mathrm{.}44,9\mathrm{.}15],[10\mathrm{.}75\%,11\mathrm{.}21,10\mathrm{.}15,9\mathrm{.}62,9\mathrm{.}33],[11\mathrm{.}00\%,11\mathrm{.}37,10\mathrm{.}32,9\mathrm{.}80,9\mathrm{.}52],[11\mathrm{.}25\%,11\mathrm{.}52,10\mathrm{.}49,9\mathrm{.}98,9\mathrm{.}71]]$

$2\mathrm{.}1\mathrm{.}1$ Define the term monthly repayments in this context.

$2\mathrm{.}1\mathrm{.}2$ Write down the loan factor that will be used in calculations, if Magda decides to pay her monthly repayments over a $25-$year period at an interest rate of $10\mathrm{.}75\%.$