A person takes out a loan to purchase a R 750 000 vehicle. The lending institution charges interest at a rate of 12.5% p.a. (csa). The loan will be repaid by making 36 semi-annual payments starting exactly 3 semi-annums after the loan is granted. Calculate the value of the semi-annual repayment. Answer the question by completing the answer boxes below. N for the compound interest calculation: Present value of the annuity calculation (round your answer to 2 decimal places): R Value of the semi-annual payment (round your answer to 2 decimal places): R
A person takes out a loan to purchase a R 750 000 vehicle. The lending institution charges interest at a rate of 12.5% p.a. (csa). The loan will be repaid by making 36 semi-annual payments starting exactly 3 semi-annums after the loan is granted. Calculate the value of the semi-annual repayment. Answer the question by completing the answer boxes below. N for the compound interest calculation: Present value of the annuity calculation (round your answer to 2 decimal places): R Value of the semi-annual payment (round your answer to 2 decimal places): R
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14P
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Question
How to calculate the missing values?
![A person takes out a loan to purchase a R 750 000 vehicle. The lending institution charges interest at a rate of 12.5% p.a. (csa). The loan will be repaid by making 36
semi-annual payments starting exactly 3 semi-annums after the loan is granted. Calculate the value of the semi-annual repayment.
Answer the question by completing the answer boxes below.
N for the compound interest calculation:
Present value of the annuity calculation (round your answer to 2 decimal places) : R
Value of the semi-annual payment (round your answer to 2 decimal places): R](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1c45950-7db6-413c-bdf9-1a199d326647%2Fb5c670b9-c601-4d9b-b03e-971cf3b3d2b0%2Fgk5a94m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A person takes out a loan to purchase a R 750 000 vehicle. The lending institution charges interest at a rate of 12.5% p.a. (csa). The loan will be repaid by making 36
semi-annual payments starting exactly 3 semi-annums after the loan is granted. Calculate the value of the semi-annual repayment.
Answer the question by completing the answer boxes below.
N for the compound interest calculation:
Present value of the annuity calculation (round your answer to 2 decimal places) : R
Value of the semi-annual payment (round your answer to 2 decimal places): R
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