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31 December, 16:30

Peter buys a campervan costing £35000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly instalments. Calculate the amount paid each month by Peter

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  1. 31 December, 16:42
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    20% VAT is £7000 making the total £42000. He pays half of this: £21000.

    £21000/20=£1050 is the monthly payment.
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