Masuku agrees to pay R250 at the beginning of each year for 15 years. If money...
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Masuku agrees to pay R250 at the beginning of each year for 15 years. If money is worth 4% p.a. find the value of the remaining payments. If after making the down payment Masuku failed to make the next 4 payments, what would he have to pay when the next payment is due to bring himself back on schedule? Masuku agrees to pay R250 at the beginning of each year for 15 years. If money is worth 4% p.a. find the value of the remaining payments. If after making the down payment Masuku failed to make the next 4 payments, what would he have to pay when the next payment is due to bring himself back on schedule?
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To calculate the value of the remaining payments you can use the formula for t... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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