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24-10-2022
Mathematics

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ROYAL ACADEMY TUTORS Empowering you to conquer your world Question 21 To travel overseas, Mr. Leeto borrows an account of money after 20 months (period), he pays back a once-off amount of R15 000 (FV) How much did he borrow (PV) (to two decimal places) if interest rate is 13% (interest rate) per annum compounded monthly (P/YR)

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