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(4) () The cash price on a Whirlpool washing machine from Courts is $75,214.12. It can be bought on hire purchase for a deposit of
(4) () The cash price on a Whirlpool washing machine from Courts is $75,214.12. It can be bought on hire purchase for a deposit of 25% and 23 monthly installments of $4,532.00 and a final installment of $4,500.00. Find: 4 marks 14 marks] (a) The hire purchase price (b) The percent interest charged (ii) if tlie cash price of $75,214.12 was invested at 6% compound weekly for two years and the accumulated value used to purchase USS, if JAS129.00 US$1.00, how much USS could be purchased? [12 marks]
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