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10 questions from this quiz
Regular equal payments to repay a loan
P=x⋅[1−(1+i)−n]iP = x \cdot \frac{[1 - (1 + i)^{-n}]}{i}P=x⋅i[1−(1+i)−n]
Regular payment amount
8.5% per annum
Divide 0.09 by 12
R2486.85
R24000
Present value of remaining payments
x=P×i[1−(1+i)−n]x = \frac{P \times i}{[1 - (1 + i)^{-n}]}x=[1−(1+i)−n]P×i
Earning potential through compound interest
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