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DSC1630 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS $4.45   Add to cart
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  5. Introductory Financial Mathematics (DSC1630)

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DSC1630 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS
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  • Course
  • Introductory Financial Mathematics (DSC1630)
  • Institution
  • University Of South Africa (Unisa)

THIS DOCUMENT CONTAINS DSC1630 ASSESSMENT 3 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT CORRECTLY AS A GUIDE AND FOR PRACTICE TO SCORE ABOVE 80%

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  • August 23, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • dsc1630 assessment 3

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  • University of South Africa (Unisa)
  • Introductory Financial Mathematics (DSC1630)
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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
Not yet
answered Monthly interest rate = 6.57% / 12 = 0.5475%
Quarterly interest rate = (1 + 0.005475)^3 - 1 = 0.0165 (or 1.65%)
Marked out of a. R122 095,12.
1.00
Quarterly payments in 12 years = 12 years * 4 quarters/year = 48
b. R506 569,30. periods.
Flag FV = 7000 * (((1 + 0.0165)^48 - 1) / 0.0165) * (1 + 0.0165)
question c. R231 205,73. FV R506,569.30
d. R336 000,00.

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, 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. R307 125.
b. R527 959. pmt =10 437.26
c. R472 500. i/yr=13.25
p/yr=12
d. R876 730. *p/yr 20
pv=? 877 500

ful price 13500000




OSCAR THE TUTOR
oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials

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