Question #194151

Matome borrows R4 050 for eight months from a lender who charges a 11% discount rate. What size loan should Matome ask for in order to receive R4 050 cash?


1
Expert's answer
2021-05-19T17:18:31-0400






Hence, R4370.50 is the loan amount M should ask for in order to receive R4 050 cash


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