Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lynette wants to open an early childhood developme

Lynette wants to open an Early Childhood Development Centre and borrows R450 000 from her...

90.2K

Verified Solution

Question

Accounting

image

Lynette wants to open an Early Childhood Development Centre and borrows R450 000 from her uncle. She realises that she will only be able to start paying him back five years from now. Money is worth 9,8% per year, compounded every three months. The amount of money that Lynette will then (after five years) have to pay Uncle Raphael every three months for four years to pay off her debt is A. R54 796,89. B. R51 159,99. C. R55 609,19. D. R55 716,45

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A project will require $450,000 for fixed assets and $58,000 for net working capital. The fixed...

Finance
Q

CALC- A web page designer creates an animation in which a dot on a computer screen...

Physics
Q

Suppose that xt = wt + kwt?1 + kwt?2 + kwt?3 + · · ·...

Basic Math
Q

A concave mirror of radius R is kept on a horizontal table figure 18 E2...

Physics
Q

Compute the exact values 1 4

Statistics
Q

Medical research indicates that the risk of having a car accident increases exponentially as the...

Calculus
Q

27 Determine if the equation is a linear equation 3y 14 x O yes O...

Algebra
Q

Solve the following equation List all the solutions separated by commas Provide your answer below...

Algebra
Q

Given that z 5 cos 60 i sin 60 then the following is true 125...

Algebra
Q

Acoul Spara Concany has to be down as a consertoards, and in the show. The...

Accounting
Q

The shareholders equity of Beau Corporation includes $2,000,000 of $1 par common stock and $4,000,000...

Accounting
Q

Gifts For All has projected sales for next year of: Purchases are equal to 58...

Finance