Business
Business, 03.06.2021 09:20, montoyaricardo3550

Financial Math Q197948

 7 hours 18 min

Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.

The present value of Bonita’s debt at the time she will start paying aunt Magda back is

[1] R408 978,93.

[2] R317 500,78.

[3] R222 924,04.

[4] R525 000,00.

[5] R436 649,07.

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Q198087

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Answer approved2$1

Financial Math

Q197948

 Deadline: 03.06.21, 14:15

Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.

The present value of Bonita’s debt at the time she will start paying aunt Magda back is

[1] R408 978,93.

[2] R317 500,78.

[3] R222 924,04.

[4] R525 000,00.

[5] R436 649,07. ​

answer
Answers: 3

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Financial Math Q197948

 7 hours 18 min

Bonita intends to open a small fabric...

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