Show how the closing balance after payment value of R719512.34 for month 10 was calculated
Opening Balance for Month 10 = R717,845.67
Payment Value for Month 10 = R1,912.67
Closing Balance for Month 10 = Opening Balance for Month 10 - Payment Value for Month 10
Closing Balance for Month 10 = R717,845.67 - R1,912.67
Closing Balance for Month 10 = R719512.34