# Question 1 1.1 The cost price of a computer is R10 500. T…

Question 1 1.1 The cost price of a computer is R10 500. The value of the computer depreciates according to the reducing balance method at a rate of 14,5% p.a. Calculate the value of the computer exactly 3 years after it was bought. (3) 1.2 A loan of R150 000 is to be repaid in 52 equal monthly payments. Payments start one month after the loan has been granted. The interest rate on the loan is 17,22% p.a. compounded monthly. 1.2.1 Calculate the value of the equal monthly payments. (4) 1.2.2 Calculate the outstanding balance immediately after the 24th payment has been made. Give your answer to the nearest Rand. (4) Total: