Mathematics, 24.07.2021 03:00, mamaDee5919

Mike wants to buy a scooter worth R10000 but cannot afford so he opts for the hire purchase agreement which requires a 13% deposit and a 24 equal monthly installments at a rate of 15% per annum compounded monthly A. How much will his deposit be?
B. calculate how much does he still need to pay after the deposit
C. calculate the monthly installment

Answers: 3

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Mike wants to buy a scooter worth R10000 but cannot afford so he opts for the hire purchase agreemen...