Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165000. His bank,
Fantastic news! We've Found the answer you've been seeking!
Question:
Mandla Maseko wishes to purchase a motor vehicle from a dealer in Johannesburg for R165000. His bank, ABSA, is prepared to lend him the money on condition that he undertakes to repay the main monthly over a period of 36 months. If the interest is to be charged at 17% per an um compounded monthly, what will his monthly installment be?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: