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Zinzi is buying a car today, 01/03/2020. She can afford to make monthly payments...

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Zinzi is buying a car today, 01/03/2020. She can afford to make monthly payments of R1970 at the end of every month, but she can only make the first payment on 01/07/2020. If she must pay interest at a rate of 13.261% per year, compounded monthly, and she wants to make exactly 2 payments, what is the cash-price of the car that she can buy? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)

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Zinzi koop vandag, 01/03/2020, 'n kar. Sy kan bekostig om maandelikse paaiemente van R1970 aan die einde van elke maand te maak, maar sy kan die eerste paaiement eers op 01/07/2020 maak. Indien sy rente moet betaal teen 'n koers van 13.261% per jaar, maandeliks saamgestel, en sy wil presies 2 paaiemente betaal, wat is die kontantprys van die kar wat sy kan koop? (Gee jou antwoord afgerond tot 2 desimale syfers. As jy dink die antwoord is R1012.3456, tik in 1012.35)

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