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Zinzi is buying a car today. She can afford to make monthly payments of R640 at ...

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Zinzi is buying a car today. She can afford to make monthly payments of R640 at the end of every month and has enough saved for a deposit of R24413. If she must pay interest at a rate of 10.304% per year, compounded monthly, and she wants to make exactly 39 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 'n kar. Sy kan bekostig om maandelikse paaiemente van R640 aan die einde van elke maand te maak, en het R24413 gespaar vir 'n deposito. Indien sy rente moet betaal teen 'n koers van 10.304% per jaar, maandeliks saamgestel, en sy wil presies 39 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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