DSC2604 ASSESSMENT 2 EXPECTED QUESTIONS AND SOLUTIONS SEM 2 OF 2023 ON EXCEL
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Course
Financial Modelling (DSC2604)
Institution
University Of South Africa (Unisa)
THE ATTACHED DOCUMENT CONTAINS DSC2604 ASSESSMENT 2 EXPECTED QUESTIONS AND SOLUTIONS SEM 2 OF 2023 ON EXCEL. USING IT CORRECTLY AS GUIDE WILL HELP YOU SCORE HIGH ON YOUR ASSSESSMENT
Present value(price of house) 700,000.00
Annual Interest rate on loan 11.25%
Initial deposit -
payments per year 360.00
Number of years 20.00
Term 7,200.00
Pmt(daily) ($244.53)
total monthly payment ($7,335.98)
total amount paid(FV) -1760634.777
Less price 700,000.00
Interest paid -1060634.777
2b)
Priice of house 700,000.00
Deposit(0.085*700000) 59,500.00
Present value(Outstanding balance) 640,500.00
Annual Interest rate on loan 11.25%
Initial deposit -
payments per year 360.00
Number of years 20.00
Term 7,200.00
Pmt(daily) (225.94)
total monthly payment (6,778.17)
total amount paid(FV) -1626759.777
Less price 640,500.00
Interest paid -986259.7774
c)
Priice of house 700,000.00 700,000.00 700,000.00 700,000.00 700,000.00
Deposit(0.085*700000) 59,500.00 59,500.00 59,500.00 59,500.00 59,500.00
Present value(Outstanding balance) 640,500.00 640,500.00 640,500.00 640,500.00 640,500.00
Annual Interest rate on loan 10.00% 10.25% 10.50% 10.75% 11.00%
Initial deposit - - - - -
payments per year 360.00 360.00 360.00 360.00 360.00
Number of years 20.00 20.00 20.00 20.00 20.00
Term 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Pmt(daily) (208.36) (211.82) (215.31) (218.83) (222.37)
total monthly payment (6,250.81) (6,354.69) (6,459.38) (6,564.87) (6,671.14)
total amount paid(FV) -1500195.095 -1525126.3069 -1550252.0853 -1575568.727 -1601072.5262
Less price 640,500.00 640,500.00 640,500.00 640,500.00 640,500.00
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