Yolanda and Joe are getting married and needed to borrow R250 000 for the wedding. They took out a personal loan from th

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answerhappygod
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Yolanda and Joe are getting married and needed to borrow R250 000 for the wedding. They took out a personal loan from th

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Yolanda and Joe are getting married and needed to borrow R250
000 for the wedding. They took out a personal loan from the bank at
an annual interest rate of 12%, compounded annually. they plan to
repay the loan by making R40 000 payments once a year when Yolanda
receives her bonus. How long will take to repay the loan?
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