used to pay hire purchase
loans
Fv Pv in
16
Monthypayments
use loanamount
herewhen thereis F
areworkedout a deposit increase 100
usingFVand LA purchaseprice D
no ofyears
patting
MP Fv no ofmonths
annual insurance insurance rate p a purchaseprice
i monthly I annual I months
Total monthlypayments MP MI
, atLanentiveinterestrate
Fv Pv Iti
eg 8 p.com thisisanominalinterest
aheerly i 4 8 p.a
convert to effectiveinterestrate to beable to
use it in compoundinterestformula
totalinterest 0ᵗʰ
earned To campfainding
periods
FV PV
eg P nomineeinterest
eg Themba payed R14000 into a q ggqy i 14xp a
savings account for 6 years effective 914 1,2 p.me
calculate Fu when interestis 8
pa compounded quarterly 7
nest 9
motif Pecompeedy nominalinterest
Fr 1400011 199 7xpa
convert to effective
effective
R 22518,12 interest effective
91 0,02 p.de
rate
, calculate thevalue in the account after 10
years
DEPOSITS
iii i WITHDRAWAL
1 1 6
x 5500 1 91354 1 0,13 3800 1 9252 1 0,13 4
2700 1 0,13
SC 223387,04
loans
Fv Pv in
16
Monthypayments
use loanamount
herewhen thereis F
areworkedout a deposit increase 100
usingFVand LA purchaseprice D
no ofyears
patting
MP Fv no ofmonths
annual insurance insurance rate p a purchaseprice
i monthly I annual I months
Total monthlypayments MP MI
, atLanentiveinterestrate
Fv Pv Iti
eg 8 p.com thisisanominalinterest
aheerly i 4 8 p.a
convert to effectiveinterestrate to beable to
use it in compoundinterestformula
totalinterest 0ᵗʰ
earned To campfainding
periods
FV PV
eg P nomineeinterest
eg Themba payed R14000 into a q ggqy i 14xp a
savings account for 6 years effective 914 1,2 p.me
calculate Fu when interestis 8
pa compounded quarterly 7
nest 9
motif Pecompeedy nominalinterest
Fr 1400011 199 7xpa
convert to effective
effective
R 22518,12 interest effective
91 0,02 p.de
rate
, calculate thevalue in the account after 10
years
DEPOSITS
iii i WITHDRAWAL
1 1 6
x 5500 1 91354 1 0,13 3800 1 9252 1 0,13 4
2700 1 0,13
SC 223387,04
