100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FIN2603 ASSIGNMENT 2 FOR 2024 £2.23   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. FIN2603 (FIN2603)

Exam (elaborations)

FIN2603 ASSIGNMENT 2 FOR 2024
 27 views  0 purchase
  • Module
  • FIN2603 (FIN2603)
  • Institution
  • University Of South Africa (Unisa)

Question 1 Complete Marked out of 1.00 Flag question Question text ... 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 Questi...

[Show more]

Preview 3 out of 16  pages

Document information

  • April 21, 2024
  • 16
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 2024

Written for

  • University of South Africa (Unisa)
  • FIN2603 (FIN2603)
All documents for this subject (12)

Seller

avatar-seller
FENDTUTORIALS

Reviews received

Content preview

YEAR: 2024




FIN2603
ASSIGNMENT 2

,Time left 1:58:48
Question 1
Not yet answered
Marked out of 1.00

Flag question

Question text
... 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
Clear my choice

Question 2
Not yet answered
Marked out of 1.00

Flag question

Question text
At what annual interest rate must a single amount of R5 000 be invested for 5 years to yield
approximately R7 500?


a.
7.20%

b.
10.76%

c.
8.45%

d.
9.86%
Clear my choice

1|Page

, Question 3
Not yet answered
Marked out of 1.00

Flag question

Question text
Ben Johnson has arranged for a 60-day loan at an annual interest rate of 7.5% per annum. If the loan
amount is R1 000 000, how much interest will Mr Johnson pay in rand terms? (Assume a 360-day
year.)


a.
R25 000

b.
R75 000

c.
R0

d.
R12 500

Question 4
Not yet answered
Marked out of 1.00

Flag question

Question text
Calculate the difference between the following two investment proposals.
(a) R1 401.82 invested annually for five successive years at 9% per annum.
(b) R5 209.22 invested for five years at 10% per annum compound interest.


a.
R0

b.
R 80.25

c.
R100.35

d.
R 36.10
Clear my choice

2|Page

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 FENDTUTORIALS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.23. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77973 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£2.23
  • (0)
  Add to cart