Question
Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165 000. His bank, ABSA, is prepared to lend him the
Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165 000. His bank, ABSA, is prepared to lend him the money on condition that he undertakes to repay the loan monthly over a period of 36 months. If the interest rate is to be charged at 17% per annum compounded monthly, what will his monthly installment be?
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Bitcoin Technical Innovations From The Trenches
Authors: Sjors Provoost
1st Edition
9090360425, 978-9090360423
