Answer to Question #194151 in Financial Math for Zethembiso

Question #194151

Matome borrows R4 050 for eight months from a lender who charges a 11% discount rate. What size loan should Matome ask for in order to receive R4 050 cash?

Expert's answer

Hence, R4370.50 is the loan amount M should ask for in order to receive R4 050 cash

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Matome borrows R4 050 for eight months from a lender who charges a 11% discount rate. How much money
2. An amount of R3 450 earns simple interest and accumulates to R5623, 50 after seven years. Had the ye
3. Mr Mangena invested an amount of R13890 divided in two different schemes A and B, at the simple inte
4. a truck is used to transport some wood panels. each wood panel is cuboid measuring 2.4m by 1.2m by 1
5. Activity: Amortization Payment4. UCPB is offering mortgages at 9% interest. Whatmonthly payment
6. Activity: Amortization PaymentCedric purchased a new fishing boat forP130,000. He made a P20,000 dow
7. PV of annuity due5) find the present value of annuity due of 7,000 payable at the beginning of each

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…