Mr mdlalose starts his own business and takes out a loan of R450 000 He repays the loan in four equal annual installments starting one year after the loan was granted Calculate his annual repayments...

Mr mdlalose starts his own business and takes out a loan of R450 000

He repays the loan in four equal annual installments starting one year after the loan was granted

Calculate his annual repayments if the interest charged on the outstanding balance is 10% p.a. compounded annually