Z1 Limited wants to expand operations across provinces. To open a new branch in the Free State, equipmentof R675 000 should be purchased. Z1 Limited can either commit to a five-year loan at an interest rate of 10%or can enter into a finance lease with Efficient Operations to obtain the new equipment required for its branch.Finance lease payments of R140 000 per year, payable in arrears, will need to be made for a period of fiveyears if the asset is leased.If Z1 Limited decides to purchase the equipment, it will qualify for a wear-and-tear allowance of 25% per yearon the straight-line method of depreciation. The estimated residual valued of the asset at the end of the fiveyears is 10% of the original cost.Under either option, Z1 Limited will be responsible for maintaining the equipment at a cost of R50 000 peryear, from year two. The current tax rate is 27% and is payable in the year in which it is incurred. SARSallows interest, lease and maintenance costs to be deducted for tax purposes.Required:Assess whether Z1 Limited should take out a loan to finance the equipment or should consider a financeleased asset contractual obligation. The assessment should include the amortization table calculations andtax calculations. Rounding should be to two decimal places.

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1: Discuss the difference between unsecured and secured loans. 2: Discuss the advantages and disadvantages of credit. 3: Discuss the concepts and terminology of credit.

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Borrowing cost?

125,000 account balance in his saving account required Calculate the interest expense and saving book ?

Question 1 1. TOK N DO plc. in quest for expansion secured Two Million Dollars ($2M) loan from JP Morgan at risk free rate of 10% annually. The loan is expected to be repaid within 5 years. You are required to: a. Determine the periodic payment ? b. Determine the total interest paid after the third year ? c. Determine the actual repayment up to year 3?