Mr Mhlaba does not have money to buy cash for the Kenwood.she decides to buy it on higher pechuse deal. The cash was.R7139.99 Special price.R6449 The higher purchase deal intails the ff 15% deposite 18.5% annual simple interest rate on the price less deposit 3years to pay Use the information above to answer the questions that follows 1.define the term.high purchase 2.calculate the discount amount that is given on the kenwood. 3.mr mhlaba paird R974.85 as a deposit on the ken wood.show how the deposit was calculated. 4.calculate the amount of payable after these years excluding the deposit that she already paid. 5.dertimene the number of months that will be after making a monthly payment.

Mr Mhlaba does not have money to buy cash for the Kenwood.she decides to buy it on higher pechuse deal. The cash was.R7139.99 Special price.R6449 The higher purchase deal intails the ff 15% deposite 18.5% annual simple interest rate on the price less deposit 3years to pay Use the information above to answer the questions that follows 1.define the term.high purchase 2.calculate the discount amount that is given on the kenwood. 3.mr mhlaba paird R974.85 as a deposit on the ken wood.show how the deposit was calculated. 4.calculate the amount of payable after these years excluding the deposit that she already paid. 5.dertimene the number of months that will be after making a monthly payment.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 29E

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