Questions 13 and 14 are based on the following information:
Zodwa needs R450 550,00 to buy a house. The bank approved her loan for the full amount at an
Interest rate of 25% per year, compounded quarterly. The loan must be paid off in ten years' time.
Question 14
What will the outstanding balance on Zodwa's loan be at the end of seven years If the interest rate
remains unchanged?
[1] R105 570,57
[2] R255 486,74
[3] R341 444,00
[4] R232 881,47
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g subsidy so we can I get a chance to my e-mail of the day of the day of
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