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[s]Goal: 100,000 New Goal: 200,000[/s] New Goal: 250.000

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Joseph is interested in purchasing a brand new Maserati GranTurisme MC Stradale. In order to realize his dream he secures a bank loan for the                              entire amount of the car. The bank informs him that the loan must be repaid at an interest rate of 10% p.a., compounded monthly in 72 equal monthly installments at R15 376,45 per month. 

 

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