DSC1630 Assignment 3 Semester 2 2024 (234683) - DUE 5 September 2024
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Course
Introductory Financial Mathematics (DSC1630)
Institution
University Of South Africa
Book
An Introduction to Mathematical Finance with Applications
DSC1630 Assignment 3 Semester 2 2024 (234683) - DUE 5 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........
Question 1 Complete Mark 1.00 out of 1.00 Question 2 Complete Mark 1.00 o...
DSC1630
Assignment 3 Semester 2 2024
UNIQUE NO. 234683
DUE DATE: 5 SEPTEMBER 2024
, Question 1
Quarterly payments of R7 000 are made into an account earning 6,57% per year,
compounded monthly. The accumulated amount after 12 years is:
a. R122 095,12
b. R336 000,00
c. R231 205,73
d. R506 569,30
Answer:
d. R506 569,30
Question 2
Cyril buys a house and makes a down payment of 35% of the price of the house. He
manages to secure a loan at an interest rate of 13,25% per year, compounded monthly,
for a period of 20 years. His monthly payment is R10 437,26. The size of the down
payment (to the nearest rand) is:
a. R527 959
b. R472 500
c. R307 125
d. R876 730
Answer:
d. R876 730
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