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QUESTION
Suppose you bought a top of the range car and you make an annual payment of R72 000.00 for the next 5 years. Your motor financing plan charges you...
Suppose you bought a top of the range car and you make an annual payment of R72 000.00 for the next 5 years. Your motor financing plan charges you 14% interest per annum, compounded annually. Determine the current value of the car.
