Calculate how much will be due at the end of 8 years

Reference no: EM133223776

Question: Ster Kinekor recently negotiated a four-year loan to pay for the upgrade of their Durban theatre. The amount of the loan is R 800000 and the interest rate is 14% effective. Calculate how much will be due at the end of 8 years if Ster Kinekor does not pay anything on the loan before that.

Reference no: EM133223776

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