document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1111447>Question 1111447</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sam plans to buy a car for R125 000. He pays a 15% deposit and manages to secure a bank loan for the<BR>\n" );
document.write( "outstanding amount. The bank charges 12,5% per annum, compounded monthly. Determine what Sam’s<BR>\n" );
document.write( "minimum monthly payment will be if the loan has to be repaid in six years’ time.<BR>\n" );
document.write( "[1] R998,17<BR>\n" );
document.write( "[2] R2 104,94<BR>\n" );
document.write( "[3] R2 476,40<BR>\n" );
document.write( "[4] R1 476,69\r<BR>\n" );
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document.write( "please pin point the method l can use to get to the right answer. thank you in advance \r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #726492 by </B><A HREF=/tutors/aboutme.mpl?userid=TeachMath><B>TeachMath(96)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=TeachMath><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=726492\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Correct answer: R 2,104.94 (CHOICE 3).<BR>\n" );
document.write( "It can never, in a million years be R 998.17, as another has suggested. </SPAN>\n" );
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