In Se De n259,00 Question 6 Mzomuhle takes out a personal loan of R439 200.00 to help finance the building of his holiday house. The terms of his loan specify equal three-monthly repayments over five...

Extracted text: In Se De n259,00 Question 6 Mzomuhle takes out a personal loan of R439 200.00 to help finance the building of his holiday house. The terms of his loan specify equal three-monthly repayments over five years, with 13,2% interest per annum, compounded quarterly. The first payment is made three months after the loan was taken out. This is represented by the following time line: 1 18 19 20 quarters 1 2. 3 12 54 55 56 57 58 59 60 months P = R439 200,00 @ 13,2% per annum, compounded quarterly First find the size of the three-monthly payments. Then considering the amortisation schedule, find the total interest charged over the first year of repayments. [1] R12871,85 R54 766,00 [3] R66618,00 (4) R167 720,00 3