Answer to Question #340382 in Financial Math for Ddd

Question

Six years ago olwethu lent happy R150 000 on condition that he would pay her back in nine years time. The applicable interest rate is 15,5% per year,compounded monthly. Happy also owes olwethu another amount of R250 000 that he has to pay back six years from now for a loan that earned interest at 16,4% per year , compounded semi annually. Happy asks olwethu if he can settle his debts three years from now. The total amount that Happy will have to pay in three years is

Answer 1

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order