BOND REPAYMENT FACTORS

The table below gives the monthly repayment per R1 000 of a loan with an interest rate between 5% and 19.75% per annum, over a period of 5, 10, 15, 20, 25 or 30 years. For example, if the loan is R100 000, at an interest rate of 12% p.a. to be repaid over 20 years, the monthly repayment is: R100 000 ÷ 1 000 x 11.01 = R1 101.00 per month ................
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