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The simple interest rate for both 48 months and 54 months options, is 13,5\% pe ...
The simple interest rate for both 48 months and 54 months options, is 13,5\% per annum. A deposit of \( 20 \% \) is also required for both options. 3.1 Calculate the deposit required. \( 3.2 \) (a) Calculate the balance owed. (b) Calculate the total amount that Mr Petersons will eventually have to pay for both options after the deposit has been paid.