What will my instalments be?

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Repo (current lending rate): 6%  – 30 July 2015 – this will change when repo rate changes

Current maximum interest rate that can be charged as per NCA  – 22,65%  (National Credit Act)

Actual Installment Calculation:  Payment (Interest Rate/12, 12, Cash Price) * -1

REFER TABLE BELOW FOR TEST PURPOSES
Columns B (Actual Instalment) and D (Actual CoC) 

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