You are considering buying a car for R650 000. The bank has quoted you an interest rate of prime plus 1% per annum, comp
Posted: Thu May 05, 2022 7:56 am
You are considering buying a car for R650 000. The bank has
quoted you an interest rate of prime plus 1% per annum, compounded
monthly. calculate the monthly instalment if you wish to repay the
principle amount over 5 years calculate the monthly instalment.
assume a prime interest rate of 7%
quoted you an interest rate of prime plus 1% per annum, compounded
monthly. calculate the monthly instalment if you wish to repay the
principle amount over 5 years calculate the monthly instalment.
assume a prime interest rate of 7%