QUESTION 9: (10 MARKS) Jack is starting to study towards a BCompt degree today. Since his parents do not have the financial resources to pay for his studies, he has successfully applied for a study loan at Help You Pass Bank. The terms of the study loun are as follows. Jack will be provided with a cash amount of R20 000 at the beginning of each year for three years of his studies. When he has completed his studies at the end of three years, he will start working. He will then reply the loan in monthly instalments (at the end of cach month over a period live years. The interest rate of the loan is 10% effective, You are required to calculate the size of payments ait which Jack will repay the loan (10) R17 SIKITEST 2017