Question 6 6.1 A brand-new packaging machine costs R800 000 and depreciates at the rate of 4,25% per annum. A company called Delta Packaging bought a packaging machine in 2021 and wishes to replace it with a new machine after 6 years. Calculate: 6.1.1 (3) using the reducing balance method, the scrap value of the machine in 6 years. the price of a new machine at the end of 6 years if inflation is at 5.5% per annum. 6.1.2 (3) 6.1.3 the sinking value. (2) 6.1.4 the monthly deposit required beginning one month after the machine is bought. (4) 6.2 Lerato buys a house for R1 500 000. A 15% deposit is required. Lerato makes monthly repayments over 20 years at 10,5% per annum compounded monthly 6.2.1 Calculate the monthly repayment, (4) 6.2.2 Determine the balance after 15 years. (3) 6.2.3 Calculate the number of repayments made if Lerato increases the monthly repayment by R900 for the remainder of the loan period. (3) 6.2.4 Calculate the amount of the last payment. (3) [23]