Petra buys a camper van for €45 000. Each
year the camper van decreases in value by
5%. Find the value of the camper van at
the end of six years.
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5
Answer:
5,000 x 1.20 =42,000 total cost of the camper van including 20% VAT.
42,000 / 2 = 21,000 Amount to be paid in monthly ins.tal.lments.
Since he is not c.har.ged interest, then his monthly payments would be:
21,000 / 20 =1,050 Pounds per month for 20 months
Answered by
1
Petra buys a camper van for €45 000. Each
year the camper van decreases in value by
5%. Find the value of the camper van at
the end of six years.
Answer is in the attachment
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