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Mathematics, 08.08.2019 04:10 lam21
An organisation buys a truck on hire purchase the cost is 5 the contract states a deposit or 35% and 12 annual payments of 49922 the sum of digs method is used to spread the finance cost (a) how much is the total finance cost? finance cfinance cost (b) how much interest is charged in the accounts in year 5 of the contract? erest interest 2 marks (c) by how much are creditors reduced in year 8 of the contract? amount amount 2 marks
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An organisation buys a truck on hire purchase the cost is 5 the contract states a deposit or 35% and...
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