Secretariat chemat pompe do is planning on the boss shie hande
The National Credit Act
Nipulate that the bar
are qualities for should be stuculated based on the disposable
Table 1 Loan factor table for calculating monthly repayments on
Homoloan por R1 000
15
20
25
30
1059
8 91
859
1075
9.65
909
8.78
1090
982
9 26
8.96
77 05
5
9 98
9.15
9.44
71.21
10 15
962
9.33
77 37
1032
9.80
9 52
11.52
10.49
998
Define the term monthly repayments.
Write down the loan factor in Magda decides to pay her monthly repayments
OVC25-1 car period at an interest rate of 10.75%
Calculate the maximum loan amount she qualifies for if she wants to take
loan over 30 years at an interest rate of 11.250 € per annun.
Use the formular:
(onthly repayment = loan factor) x 1 000
Loan amount
be advisable for her to take
Ve ONE possible reason why it would NOT
El maximum amount that she qualities for.
is also planning to buy a house and takes out a home loan from St.
Pay equal monthly repayments for 20 years as shown in Table zonino​