If You Buy a Factory for R250,000 and the Terms

question 79

Multiple Choice

If you buy a factory for R250,000 and the terms are 20 percent down, the balance to be paid off over 30 years at a 12 percent rate of interest on the unpaid balance, what are the 30 equal annual payments?

• A) R20,593
• B) R31,036
• C) R24,829
• D) R50,212
• E) R6,667

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Definitions:

Criminal Offences

Acts that are punishable under criminal law, including both minor offenses and serious crimes.

Self-Determination

The principle that individuals have the right to control their lives and make their own decisions without undue influence from external forces.

Principle Of Autonomy

The ethical principle that recognizes an individual's right to make their own choices and decisions without coercion.

Beneficence

The ethical principle of doing good and preventing harm.