A vehicle is valued at R161075. The deposit is 11% and residual 20% percent. The maturity period is 4 years and interest rate is 16% pa compounded monthly. What would you expect the repayments to be on the vehicle?

A vehicle is valued at R161075. The deposit is 11% and residual 20% percent. The maturity period is 4 years and interest rate is 16% pa compounded monthly. What would you expect the repayments to be on the vehicle?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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