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DSC1630 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (234642) - DUE 22 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanationsEnsure your success with us.. $2.50
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Assignment 2
Semester 2
2024 (234642)
- DUE 22
August 2024
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tabbymwesh59@gmail.com
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[Type the abstract of the document here. The abstract is typically a short summary of the contents of
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Introduction to Financial Mathematics
DSC1630 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (234642)
- DUE 22 August 2024 ; 100% TRUSTED Complete, trusted solutions and
explanationsEnsure your success with us..
Question 1 Complete Mark 1.00 out of 1.00 Question 2 Complete Mark 1.00
out of 1.00 QUIZ Mary invested R40 000 in order to have R56 000 available in
30 months’ time. The yearly rate, compounded semi-annually, is a. 7,21%. b.
8,00%. c. 13,92%. d. 14,41%. Bhongo received R32 412,87 after investing an
amount of money in an account earning interest at a continuous compounding
rate of 10,15%per year. The amount of money that he invested 57 weeks
earlier, is approximately a. R29 000,00. b. R29 153,86. c. R32 768,16. d. R36
227,38. Question 3 Complete Mark 1.00 out of 1.00 Question 4 Complete
Mark 1.00 out of 1.00 Question 5 Complete Mark 1.00 out of 1.00 To pay off a
loan of R7 000 due now and a loan of R2 000 due in 14 months’ time, Mrs
Skosana agrees to make three payments in two, fi ve andten months’ time
respectively. The second payment is to be double the fi rst and the third
payment is to be triple the fi rst. What is theapproximated size of the payment
at month fi ve if interest is calculated at 16% per year, compounded monthly?
a. R1 582,43 b. R3 000,00 c. R3 164,86 d. R4 500,00 Spiderman decides that
he would like to buy his lovely wife, Spider woman, a new car when she turns
30 in six years’ time. He deposits R6 000 atthe beginning of each month into
an account earning 8,94% interest per year, compounded monthly. The
amount that Spider man (rounded tothe nearest rand) will have available six
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