You buy a computer directly from the manufacturer for R7332,00 and agree to repay it in equal instalments over three years at the end of each month form now . The interest rate is 10.7% per year, compounded monthly. How much interest will you pay in total?

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You buy a computer directly from the manufacturer for R7332,00 and
agree to repay it in equal instalments over three years at the end of
each month form now . The interest rate is 10.7% per year, compounded
monthly. How much interest will you pay in total?

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