DSC1630 ASSIGNMENT 3 SEMESTER 1 - 2020DSC1630 ASSIGNMENT 3
SEMESTER 1 - 2020
DUE: 27 MARCH 2020
2
Question 1
Mabe borrowed an amount of money from his father. The loan will be paid back by means of
payments of R25 000 each every second month for six years. An interest rate of 7,5% per
year...
dsc1630 assignment 3 semester 1 2020 790275 due 27 march 2020 2 question 1 mabe borrowed an amount of money from his father the loan will be paid back by mea
Mabe borrowed an amount of money from his father. The loan will be paid back by means of
payments of R25 000 each every second month for six years. An interest rate of 7,5% per
year, compounded every two months, will be applicable. The amount of the loan is
[1] R900 000,00.
[2] R1 127 887,64.
[3] R400 738,72.
[4] R238 067,35.
[5] R721 181,68.
2
, Question 2
The opening balance of this fund is approximately
[1] R474 536.
[2] R157 895.
[3] R1 105 351.
[4] R631 579.
[5] none of the above.
3
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