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Elias must pay Robert R15 000 four years from now. If an interest rate of 8% per year, compounded quarterly, is applicable determine the amount of money that Robert lent Elias.
in BNU1501 by Diamond (40.2k points) | 10 views

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A = P (1 + i)^n .... 15000= P (1+ 0.08)^4... 15000=1.36P.... P=R11 025.45
by Wooden (3.5k points)

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