FIN2603 - Finance For Non-Financial Managers (FIN2603)
Other
FIN SEMESTER 1 ASSIGNMENT2(QUIZ)
43 views 0 purchase
Course
FIN2603 - Finance For Non-Financial Managers (FIN2603)
Institution
University Of South Africa (Unisa)
This document guarantees distinction marks on the assignment and can be used for exam preparation. Assignment solutions and whenever you face any challenges and need further explanations anytime @2
Started on Tuesday, 11 April 2023, 12:44 PM
State Finished
Completed on Tuesday, 11 April 2023, 1:08 PM
Time taken 23 mins 39 secs
Marks 53.00/56.00
Grade 94.64 out of 100.00
Question 1
Complete
Mark 2.00 out of 2.00
... is the interest earned on a given deposit that has become part of the sum at the end of a specified period.
a. Simple interest
b. Compound interest
c. The interest rate
d. The internal rate of return
Question 2
Complete
Mark 1.00 out of 1.00
Calculate the future value (FV) of R15 000 invested for six years at an interest rate of 8%, compounded monthly.
a. R26 734
b. R14 026
c. R23 803
d. R24 260
, Question 3
Complete
Mark 1.00 out of 1.00
MENU
Calculate the growth rate of the following stream of cash flows:
Dashboard
Year Cash/flow
Courses / UNISA / 2023 / Semester 1 / FIN2603-23-S1 / General / Assessment 2
2013 R 1 700
2012 R 1 400
2011 R 1 200
2010 R 1 000
a. 23%
b. 19%
c. 14%
d. 13%
Question 4
Complete
Mark 2.00 out of 2.00
Calculate the present value (PV) of R100 000 received 9 years from today at an interest rate of 12%.
a. R36 061
b. R27 895
c. R37 980
d. R43 998
Question 5
Complete
Mark 2.00 out of 2.00
Find the present value of the following stream of cash flows by assuming that the organisation has an opportunity cost of 11%.
Years 1–2: R 20 000
Years 3–8: R 30 000
a. R152 356.88
b. R 71 203.41
c. R100 268.41
d. R137 258.45
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tafadzwashokots. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.78. You're not tied to anything after your purchase.