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Give your answer to this question correct to the nearest rand. Fisokuhle has a textbook loan that was supposed to be paid in two payments
Give your answer to this question correct to the nearest rand. Fisokuhle has a textbook loan that was supposed to be paid in two payments of due six months ago and R due nine months from now. Instead, he renegotiates to pay today and the balance in three months, therefore, the settlement date is at month three. The debts and payments are subject to the same interest rate of per annum, compounded quarterly. This is represented on the following timeline: The value of rounded to the nearest rand, is equal to
Give your answer to this question correct to the nearest rand. Fisokuhle has a textbook loan that was supposed to be paid in two payments of due six months ago and R due nine months from now. Instead, he renegotiates to pay today and the balance in three months, therefore, the settlement date is at month three. The debts and payments are subject to the same interest rate of per annum, compounded quarterly. This is represented on the following timeline:
The value of rounded to the nearest rand, is equal to
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