Netflix recently negotiated a four-year loan to pay for the upgrade of their Durban theatre. The amount of the loan is R 1200000 and the interest rate is 12% effective. Calculate how much will be due at the end of 7 years if Ster Kinekor does not pay anything on the loan before that. Completion instructions. If applicable round to two decimal places for example R3 111 245.567 is written as 3111245.57. Do not use the rand symbol in your answer and do not enter a minus (-).

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 14P
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Netflix recently negotiated a four-year loan to pay for the upgrade of their Durban theatre. The amount of
the loan is R 1200000 and the interest rate is 12% effective. Calculate how much will be due at the end of
7 years if Ster Kinekor does not pay anything on the loan before that.
Completion instructions.
If applicable round to two decimal places for example R3 111 245.567 is written as 3111245.57. Do not
use the rand symbol in your answer and do not enter a minus (-).
Transcribed Image Text:Netflix recently negotiated a four-year loan to pay for the upgrade of their Durban theatre. The amount of the loan is R 1200000 and the interest rate is 12% effective. Calculate how much will be due at the end of 7 years if Ster Kinekor does not pay anything on the loan before that. Completion instructions. If applicable round to two decimal places for example R3 111 245.567 is written as 3111245.57. Do not use the rand symbol in your answer and do not enter a minus (-).
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