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Please answer all questions Please answer all questions 4.1 Calculate how long it will take an investment to double if it is invested at 12,5%

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Please answer all questions

Please answer all questions

4.1 Calculate how long it will take an investment to double if it is invested at 12,5% p.a. compound interest. 4.2 Mrs Smith buys a new car for R450 000. The interest rate to finance the loan is 9,5% p.a. compounded monthly. 4.2.1 Calculate Mrs Smith's monthly payment on the car if she finances the car over a period of 5 years. 4.2.2 If the monthly payment has been rounded off to R9500 per month, calculate the value of the last payment that Mrs Smith must pay

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