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What will the half-yearly repayments on the loan be

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Reference no: EM132841968

Problem - Zuparro (Proprietary) Limited has taken out a loan of R450 000. The loan agreement states that the capital and interest of the loan will be repaid over the next four years, payable bi-annually at an interest rate of 12% per annum. What will the half-yearly repayments on the loan be?

Reference no: EM132841968

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