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Gavin purchase a house for R1200000. He pays a deposit of 10% of the value of the house. The bank grant him a loan for the outstanding amount, at an interest rate of 8,4% per annum compounded monthly,

Gavin purchase a house for R1200000. He pays a deposit of 10% of the value of the house. The bank grant him a loan for the outstanding amount, at an interest rate of 8,4% per annum compounded monthly, payable over a period of 20years. What is the deposits Gavin pays on the house?

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