You are employed at a factory in an industrial area where there is no public transport available. You have to buy

a small car. You selected to buy an almost new VW City $1\mathrm{.}4$i with a purchase price of R$80000\mathrm{.}00.$

The licensing, service, documentation and delivery fees total R$5800\mathrm{.}00.$ As you do not have an existing financial record, the banks are skeptical

to give you a hire purchase on the City, so the interest varies from $15\%$ to $17\%.$

All the banks require a $10\%$ deposit and they offer various rates. Use the $"$Pmt$"$function to work out what the monthly payments will be on this car

for a period of $4$ years based on the lowest interest rate.

$($i$)$ Draw up a table to indicate the installments if the interest varies from $15\%$ to $17\%$ in $0\mathrm{.}5\%$ increments and also with a term

that varies from $3$ years to $6$ years.

$($i$)$ Purchase Price:

Licensing, etc.:

Total:

Deposit $-10\%$

Total Hire Purchase:

Rate $-\%$:

Term:

Installment:

Best Bank Inc.

Good Bank PLC

Worst Bank $($PTY$)$ Ltd$.$

FILL IN THE TABLE.