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4.4 A car is marked for sale at R250 000. A deposit of 20% is required if the car is bought on hire purchase payable

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4.4 A car is marked for sale at R250 000. A deposit of 20% is required if the car is bought on hire purchase payable over 72 months at 9,5% compound interest rate per annum. Calculate the: 4.4.1 deposit. (2) 4.4.2 loan balance after paying deposit. 4.4.3 the amount to be paid in 72 months. 4.4.4 monthly instalment

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