Mr Peterson postponed buying a car by another year. By then the average inflation rate was...

 

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Mr Peterson postponed buying a car by another year. By then the average inflation rate was 6,4% per annum. 6.1 Define the term inflation. 6.2 6.3 Calculate the price of the car if the price increase keeps pace with the average rate of inflation. Did Mr Peterson make the right decision to postpone buying a car for a year? Give a reason for your answer. Critically evaluate how interest and inflation had an impact in the purchasing of the car. (2) (3) (3) (4) PICTURE OF A VEHICLE - INFORMATION 2017 RENAULT DUSTER 1.6 Dyamique, R189 995 75 500 km Manual and petrol Mr Peterson postponed buying a car by another year. By then the average inflation rate was 6,4% per annum. 6.1 Define the term inflation. 6.2 6.3 Calculate the price of the car if the price increase keeps pace with the average rate of inflation. Did Mr Peterson make the right decision to postpone buying a car for a year? Give a reason for your answer. Critically evaluate how interest and inflation had an impact in the purchasing of the car. (2) (3) (3) (4) PICTURE OF A VEHICLE - INFORMATION 2017 RENAULT DUSTER 1.6 Dyamique, R189 995 75 500 km Manual and petrol

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