Answer to Question #332235 in Financial Math for Akhon

Question #332235

Ms. Amanda du toit wishes to purchase a lounge suite (wayfair.co.uk). Afurniture store offers her r1225 in hire buy for 36 equal monthly installments(vat inclusive). in addition, the store includes 18% simple interest in the installment. Calculate the cash amount of the lounge suite after 36 months

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