9.1 A photocopier valued at 1124 000 depreciates at a rate of 18% P. as the reducing-balance method. Also how many years seal its value be R.15 000?
9.2 A car that costs 15130 000 is advertised in the following way: ‘NO deposit necessary and first payment due three months after date of purchase ‘ The interest rate quoted is IMA p.a. compounded monthly.
Calculate the amount owing two months after the purchase date, winch Is one month before the …monthly payment is due.
Herschel bought this car on I March 2009 and made his rust payment on days 2009. Thereafter he made another 53 equal payments on the first f each month
(a) Calculate his monthly repayments
(1) Calculate the total of MI Herschel’s repayments.
Hashim also bought a oar for P.130 ODD. He also took out a loan for A130 000, at an interest rate of 1846 p.a. compounded moodily. He also made 54 equal payment However, he started payments one month after the purchase of the em Calculate the total of all Hashim• repayments.
Calculate the difference between Herschel, and Hashim’s total repayments.
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