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Compound Interest Question

steps to answer this question would be appreciated

saim4 Jun 18, 2017

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Peter buys a campervan costing £35,000 + 20% VAT.

Peter buys a campervan costing £35,000 + 20% VAT.
He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly installments.
Calculate the amount paid each month by Peter.

saim4 Jun 18, 2017