Answer to Question #131165 in Financial Math for rk

Question

13. Tina invests $42 000 at 12% p.a. for 4 years with interest compounded quarterly. The value of the investment on maturity is (correct to the nearest dollar)?
14. The price of a new car is $45 000. The value of the car depreciates by 15% p.a. The value of the car after 3 years is?
15. Kerry borrows $5200 in a personal loan to be repaid over 1 year. The interest rate charged is 12% p.a. If Kerry is to repay the loan in 52 weekly instalments, the amount of each repayment is?

Answer 1

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