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DSC1630 Assignment 03 Semester 01 2022 Questions and Answers
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  • Course
  • DSC1630 - Introductory Financial Mathematics (DSC1630)
  • Institution
  • University Of South Africa (Unisa)

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  • January 24, 2022
  • 21
  • 2021/2022
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  • dsc
  • dsc1630
  • dsc1630 2022
  • dsc1630 assignment 3
  • dsc1630 assignment 3 semester 1 2022
  • the boxing fund must pay daniel an old boxer
  • r18 000 every three months indefinitely as compensation money is worth

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  • DSC1630 - Introductory Financial Mathematics (DSC1630)
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DSC1630

Introductory Financial Mathematics

Department of Decision Sciences

Assignment 03 for Semester 01 2022

Unique assignment number: 179653
Due Date: 24 March 2022




Question 1

Mabel borrowed an amount of money from her father. The loan will be paid back by means of
payments of R25 000 each every second month for six years. An interest rate of 7,5% per year,
compounded every two months, will be applicable. The amount of the loan is

[1] R238 067,35.
[2] R721 181,68.
[3] R900 000,00.
[4] R1 127 887,64.

Answer:

In this problem we have equal payments in equal time periods plus the interest rate that is
specified is compounded. Thus, we are working with annuities. As the payments are not specified
as being paid at the beginning of the period, we assume them as being paid at the end of each
time period.

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