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how find 7 months ?step by step The couple have two hire purchase agreements with UnHoly Finance. Both were purchased one year ago on 12
how find 7 months ?step by step
The couple have two hire purchase agreements with UnHoly Finance. Both were purchased one year ago on 12 months interest free, with no repayments for 12 months. The first hire purchase was for a $3,000 laptop and the second was for new appliances of $5,000. They come with a 25.99% interest rate and the couple are about to begin making minimum repayments (as reflected in their budget's 'current situation'). Finally, for their 10-year wedding anniversary the couple decided to take a holiday. They paid for this by borrowing from their bank at 14.95%. The personal loan has $15,000 left on it and 5 more years left on the repayments. The couple's savings are as follows: The couple have also noted that they have KiwiSaver but that they cannot access it as they are not in a financial hardship situation, and they have $4,000 in savings. They need help! Tasks: \begin{tabular}{r|r|r|r|r|} \hline \hline \multicolumn{2}{|c|}{28.707} & \multicolumn{3}{|l}{1,055.210} \\ \hline & Interest rate (monthly) & period (months) & Monthly installment & Total installment \\ \hline & 2.17% & 7 & 466.50 & 3,731.96 \\ \hline & 2.17% & 7 & 777.49 & 6,219.94 \\ \hline & & & 1,243.99 & 9,951.90 \\ \hline \end{tabular} The couple have two hire purchase agreements with UnHoly Finance. Both were purchased one year ago on 12 months interest free, with no repayments for 12 months. The first hire purchase was for a $3,000 laptop and the second was for new appliances of $5,000. They come with a 25.99% interest rate and the couple are about to begin making minimum repayments (as reflected in their budget's 'current situation'). Finally, for their 10-year wedding anniversary the couple decided to take a holiday. They paid for this by borrowing from their bank at 14.95%. The personal loan has $15,000 left on it and 5 more years left on the repayments. The couple's savings are as follows: The couple have also noted that they have KiwiSaver but that they cannot access it as they are not in a financial hardship situation, and they have $4,000 in savings. They need help! Tasks: \begin{tabular}{r|r|r|r|r|} \hline \hline \multicolumn{2}{|c|}{28.707} & \multicolumn{3}{|l}{1,055.210} \\ \hline & Interest rate (monthly) & period (months) & Monthly installment & Total installment \\ \hline & 2.17% & 7 & 466.50 & 3,731.96 \\ \hline & 2.17% & 7 & 777.49 & 6,219.94 \\ \hline & & & 1,243.99 & 9,951.90 \\ \hline \end{tabular}Step by Step Solution
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