Question
Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165000. His bank, ABSA, is prepared to lend him the money
Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165000. His bank, ABSA, is prepared to lend him the money on condition that he undertakes to repay the main monthly over a period of 36 months. If the interest is to be charged at 17% per an um compounded monthly, what will his monthly installment be?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
