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{"ops":[{"insert":"Bongeka purchased a new refrigerator and were expected to pay R1 684,00 five months ago and another"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"R1 323,00 in eight months\u2019 time. She could not make the payment five months ago, but after receiving a"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"bonus at work, she rescheduled to repay the loan in two equal payments, the first due in two months and the"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"second due in five months\u2019 time. The payment at month five will settle the debt, therefore, the settlement"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"date is month five. The debts and payments are subject to the same interest rate of 11,4% per annum,"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"compounded monthly."},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"@ 11,4% per year, compounded monthly"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"The value of each of the payments, rounded to the nearest rand, is equal to"},{"insert":"\n"}]}

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