FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moipone intends to open a small fabric shop and borrows the money for it from her aunt Tshepo. Moipone feels that she will only be

Moipone intends to open a small fabric shop and borrows the money for it from her aunt Tshepo. Moipone feels that she will only be able to start repaying her debt after three years. Moipone will then pay aunt Tshepo R105 000 per year for five years. Money is worth 19,5% per year.
The amount of money that aunt Tshepo originally lent Moipone is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International financial management

International financial management

Authors: Jeff Madura

9th Edition

978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471

More Books

Students also viewed these Finance questions

Question

★★★★★
Fixed Assets: 915 642 947 TL, Current Assets: 377 851 878 TL, Short-Term Liabilities: 238 802 542 TL, Long-Term Liabilities: 210 752 421 TL, Total Shares: 191 447 068, Required: Based on the...

Answered: 1 week ago

Question

★★★★★
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★
A potato chip is a delicate thing, Fragile. A pound of pressure will crush it. So when you're moving 250 tons of chips through your plant, as they do every day at Jays Foods, you need to have a...

Answered: 1 week ago

Question

★★★★★
Solomon Company's cost and production data for two recent months included the following: March April Production (units) 400 600 $2,400 $ $2,400 $1,200 Rent Utilities 800 Required a. Separately...

Answered: 1 week ago

Question

★★★★★
What is an attestation engagement?

Answered: 1 week ago

Question

★★★★★
The goal of fiscal planning is: A. To control spending across the board B. To create a budget that will meet the needs of the nurse manager and the unit C. To plan for only controllable factors D. To...

Answered: 1 week ago

Question

★★★★★
Use the large sample confidence interval formula to compute a (a) 95% lower bound confidence interval for ???? when ???? = 350 and ???? = 0.46. (b) 99% lower bound confidence interval for ???? when...

Answered: 1 week ago

Question

★★★★★
The Soft Glow Company plans to open a new retail store in Portland, Maine. The Soft Glow Company will sell specialty candles for an average of $ 30 each. The average variable costs per candle are as...

Answered: 1 week ago

Question

★★★★★
If you have the following data from a company's records, as follows: 1- Net profit =130,000 dinars 2. The tax rate is 25% 3. times interest earned ratio (TIE) is 6 times 4. General and administrative...

Answered: 1 week ago

Question

★★★★★
Baseball Magazine, a domestic corporation, markets pictures of baseball players on its website. Its database server is in the Cayman Islands. Baseball fans access the Web page and use their credit...

Answered: 1 week ago

Question

★★★★★
EXERCISE 4B - 2 Step - Down Method [ LOT !] University District Co-op , a whole foods grocery and coffee shop , has provided the following data to be used in its service department cost allocations...

Answered: 1 week ago

Question

★★★★★
Which sentence best explains a paragraph? a A collection of sentences that discuss several ideas. b A collection of ideas in many sentences to explain a topic. c A paragraph is a collection of...

Answered: 1 week ago

Question

★★★★★
please help Two charged objects are located at the vertices of a right-angle triangle as shown. O A = - 5.0 PC 20 cm X

Answered: 1 week ago

Question

★★★★★
Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★
Country X has the following amounts in its balance of payment accounts: Current Account Capital Account Financial Account $500,000 $100,000 $500,000 If Country X residents buy $700,000 of goods and...

Answered: 1 week ago

Question

★★★★★
James was operating his cabin cruiser with his family a kilometer off the coast when he needed to go below to prepare a meal. He left his twelve-year-old son to drive the boat. While James was below...

Answered: 1 week ago

Question

★★★★★
Week 4 - Discussion Questions 111 A business may expect to benefit from preparing a formal budget in several ways, including three required. What are they? Present the three topics with examples from...

Answered: 1 week ago

Question

★★★★★
Research corporate acquisitions using Web resources and then answer the following questions: Why do firms purchase other corporations? Do firms pay too much for the acquired corporation? Why do so...

Answered: 1 week ago

Question

★★★★★
2. Which of the following is not an ethical guideline of psychotherapists? a. Inform the client of the nature of the treatment. b. Never break the confidentiality of communications with client. c....

Answered: 1 week ago

Question

★★★★★
26. Prove that ????[????(????)????|????] = ????(????)????[????|????].

Answered: 1 week ago

Question

★★★★★
27. Prove that if ????[????|???? = ????] = ????[????] for all ????, then X and Y are uncorrelated, and give a counterexample to show that the converse is not true. HINT: Prove and use the fact that...

Answered: 1 week ago

Previous Question Next Question