Answer to Question #194150 in Financial Math for Zethembiso

Question #194150

Matome borrows R4 050 for eight months from a lender who charges a 11% discount rate. How much money does Matome receive?

Expert's answer

"FV=PV(1+i)^n=4050(1+0.11)^8=R\\ 9333.38"

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