Small money questionThe Ripoff finance company had the following hire purchase agreem (1 Viewer)

[flon]

Small money question

The Ripoff finance company had the following hire purchase agreement with Mr. B. Spender (I sear the names are so retarded)
Cash price of yacht $17500
Deposit $450
Trade-in allowance on old yacht $1200
Stamp duty $245.30
Registration $362.50
36 monthly repayments of $680
a) What was the total amount paid for the yacht if the deposit, stamp duty and registration were paid by Mr Spende

 

[Manboobs]

Re: Small money questionThe Ripoff finance company had the following hire purchase ag

This seems more like an accounting question. There isn't any interest involved. I'm pretty sure this isn't in any way a hsc question.

There isn't enough information to answer this question. Did you mean that the deposit, stamp duty and registration were paid straight up and then there were the 36 monthly repayments or what?
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