from now. Another amount of R15700 must be paid 10 years from now. Interest on the...

Transcribed Image Text:

from now. Another amount of R15700 must be paid 10 years from now. Interest on the first debt is calculated 15,4% p.a. compounded every two months. Interest on the second debt is calculated at 6% p.a. compounded monthly. Instead of these two amounts being paid separately, a single amount of money (rounded to the nearest cent) paid 5 years from now so as to amortise the debts is equal to R type your answer... from now. Another amount of R15700 must be paid 10 years from now. Interest on the first debt is calculated 15,4% p.a. compounded every two months. Interest on the second debt is calculated at 6% p.a. compounded monthly. Instead of these two amounts being paid separately, a single amount of money (rounded to the nearest cent) paid 5 years from now so as to amortise the debts is equal to R type your answer...