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A debt of R5 915,00 is due in three years' time. The creditor gives permission to discharge the debt by receiving a payment of R3
A debt of R5 915,00 is due in three years' time. The creditor gives permission to discharge the debt by receiving a payment of R3 836,00 in two years' time and a final payment of RX in seven years' time. The interest rate charged on all amounts is 10% per year, compounded quarterly You can indicate the amounts on the following time line to assist you in visualizing the problem vo Interest is compounded unterly The payment, to the nearest rand, which should be made at the end of the seventh year in order to liquidate the debt, is AR2482.00 B. R2 495,00 C. R3095,00 D. R2 527,00
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