Question My chair set was available at R11000 I can pay an 8% deposit and pay the remainder over a 4-year period charged at 6% interest p.a what would my monthly installments come to

Answer: R 237.67 monthly Step-by-step explanation: Ordinary annuity PV = C [ 1 – (1+i)^-n] / i PV = 11000 – .08 (11000) = 10120 i= .06/12=.005 n = 4 yrs x 12months =48 Plug in the numbers and calculate ‘C’ = 237.67 Log in to Reply

Answer:Step-by-step explanation: