Question: Question 3 [5] A=R300 7 Determine the present value P for the annuities shown in the diagram above if an interest rate of 14% is

Question 3 [5] A=R300 7 Determine the present value P for

Question 3 [5] A=R300 7 Determine the present value P for the annuities shown in the diagram above if an interest rate of 14% is used. Question 4 [5] Max puts R30 000 down on a second-hand car and contracts to pay the balance in 24 monthly instalments of R4000 each. If interest is charged at a rate of 24% per annum, payable monthly. a. how much did the car originally cost when Max purchased it? [5] b. How much interest did Max pay? [2] Question 5 [5] What is the future worth of an equal quarterly payment series of R23000 for 10 years if interest rate is 9% compounded weekly

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