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3 Prof Green bought a car of the value R650000 through the bank. The balloon on this car is 15% of its original value. Prof
3 Prof Green bought a car of the value R650000 through the bank. The balloon on this car is 15% of its original value. Prof Green wants to take care of the balloon when due in 8 years by making annual deposits into a sinking fund account earning 7%. 3.1 Find the annual deposits. 3.2 Find the value of the sinking fund after making the fifth payment. 3.3 Create the accumulation schedule for the fund
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