Ernest want to buy a car costing R120,000.He want to pay cash for this model of car can only do this in one and a half years time. If the inflation rate is running at 7% per annum,calculate the cost of this car in one and a half years time.
2 answers
120000*(1.07)^1.5
SAVE R2000 CASH R9999 DEPOSIT R1000 TERM 24MONTHS MONTHLY INSTALMENT R484,96 ANNUAL INTEREST RATE 26% TOTAL REPAYABLE R13817,66 WHAT IS DEPOSIT IF YOU WISH TO TAKE OUT THE HIRE PUT CHADGE LOAN?